S&P Indices has launched the S&P GSCI Inverse Agriculture Index, a new index measured on a daily basis which has been designed to provide the inverse return of the S&P GSCI Agriculture Select Index. The index consists of corn, wheat (Chicago), soya beans and sugar.
The S&P GSCI index series comprises many other commodity index solutions such as covered call and international commodities but also includes modified weight indices such as light energy, capped and equal weight, and modified roll indices including forward, enhanced and dynamic roll.
S&P has been busy on the commodity front recently as we saw the launch of the S&P GSCI Multiple Contract Index in the past couple of weeks, as reported by SRP.com.