S&P index provides access to world commodities

S&P index will provide access to commodities such as wheat

Standard and Poor's (S&P) has created a world commodity index comprising futures contracts that trade on global exchanges outside the US.

The demand for commodity exposure with a focus on regions outside the US has been far-reaching, according to S&P. "Demand has been pretty widespread among investors who want commodity exposure. I haven't been able to narrow down the places who aren't interested," says Michael McGlone, senior director of commodity indexes at S&P in New York. "Last year was one

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