Lehman Brothers to launch commodity index

The breakdown of the components of the index as of June 23 was 52.9% in energy, 27.2% metals, 17.4% agriculture and 2.5% livestock. The benchmark will be rules-based and rely on futures trading volumes as the major criteria for selection. Weighting of the components will be reset annually. Individual commodity indexes will also be published.

The US bank aims to roll out more versions of the LBCI to include non-US, exchange-listed commodities traded in foreign currencies.

“It is clear the commodities market has evolved to the point where we believe there is demand for both global and regionalised versions of the LBCI,” said Neil Wardley, a senior vice-president at Lehman Brothers’ index strategy group.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here