Merrill Lynch banks on biofuels


Merrill Lynch has launched both the MLCX Biofuels and the MLCX Biofuels Plus Indexes, which are designed to offer exposure to the biofuels market.

The MLCX Biofuels Index offers exposure specifically to biofuels and weights commodities according to production levels and calorific potential, in order to reflect their economic value. It contains seven commodities commonly used as biofuels feedstock: sugar, corn, soybeans, barley, rapeseed, canola and soybean oil.

Meanwhile, the MLCX Biofuels Plus In