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S&P buys Goldman Sachs Commodity Index

Standard & Poor's has acquired the Goldman Sachs Commodity Index (GSCI) as well as two equity indexes. The GSCI is widely considered the benchmark for commodity indexes and serves as the underlying for many structured products. It will be renamed the S&P GSCI Commodity Index.

The GSCI was formed in 1991 and has a basket of 24 commodities. Various market estimates say that the GSCI has US $60 billion of investment tracking the index.

S&P has also acquired the Goldman Sachs Sector Indexes, which are representative indexes for health care, financial institutions, utilities, consumer companies and cyclical industries. And the index provider has also bought the Goldman

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