Australia-based bank ANZ has launched the ANZ-CCI (China Commodity Index) in an effort to take into account the increasing China-centric global commodity demand shift. The index gives greater weighting to bulk products than the more established global indexes such as the S&P GSCI.
Some of the products such as bulks – iron ore and coal – do not have daily price benchmarks, which prevents the index from being traded by investors at the moment. However, Mark Parven, ANZ's global head of commodity r
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