NEW YORK (March 22, 2010) Dow Jones Indexes, a leading global index provider, today announced that the Dow Jones-UBS Commodity 3-Month Forward Index has been licensed to ETF Securities (ETFS), a London-based provider of commodity and currency ETCs and 3rd generation ETFs.
The Dow Jones-UBS Commodity 3-Month Forward Index measures the performance of 3-month-dated futures contracts.
The ETFX DJ-UBS All Commodities Forward 3-Month Fund is available on the London Stock Exchange (LSE) today.
Forward commodity futures markets have seen a strong increase in both trading volume and liquidity over the past few years. The Dow Jones-UBS Commodity Forward Indexes are sophisticated tools that measure the performance of these longer-dated futures contracts and allow market participants to further diversify their commodities exposure, said Michael A. Petronella, president, Dow Jones Indexes.
ETF Securities is pleased to offer investors another worlds first, said Mark Weeks, Chief Executive Officer, ETF Exchange. The Dow Jones-UBS Commodity 3-Month Forward Index is now available through an ETF which offers a compelling compromise between reduced roll yield impact and high correlation to commodity spot prices, while following a plain and transparent index methodology.
The Dow Jones-UBS Commodity Forward Indexes consist of the DJ-UBS Commodity 1-Month Forward Index, the DJ-UBS Commodity 2-Month Forward Index and 3-month forward versions of the DJ-UBS Commodity Index, its 9 Dow Jones-UBS Commodity Sector Sub-Indexes and the 23 Dow Jones-UBS Single Commodity Subindexes.
Further information on the Dow Jones-UBS Commodity Forward Indexes can be found at http://www.djindexes.com.