The Nasdaq OMX Group, Inc. (Nasdaq:NDAQ) today announced the launch of the Nasdaq Commodity Index Family, a broad and diverse representation of the commodities markets that provides investors with exposure across all major commodity sectors.
The commodity index family is available in five distinct roll versions to offer investors different investment strategies.
The NASDAQ Commodity Index Family is the latest offering from The NASDAQ OMX Global Index Group, a premier full-service index provider.
The index family consists of the primary benchmark — the NASDAQ Commodity Benchmark Index (NQCI) — a liquidity-based tradable index, as well as 10 sector and 33 single indexes. The five main sectors covered by the NASDAQ Commodity Index family are energy, industrial metals, precious metals, agriculture and livestock.
The family is designed to measure the performance of single commodities and sectors through the use of futures contracts on physical commodities.
"The NASDAQ Commodity Index Family is a broad and accurate representation of the commodity futures market," said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. "This new family of commodity indexes facilitates superior tracking, trading and investing opportunities. It is the latest example of our growing index offerings and reflects our mission to be the best full-service global index provider to our clients."
The commodity index family provides a broad way to track U.S. dollar denominated commodities traded on 10 U.S. and U.K. exchanges. The index family is available in five different roll versions to offer investors multiple choices of exposure and strategies.
The NASDAQ Commodity Index Family is calculated in U.S. dollars in excess and total return. Daily index values, weightings and historical data are available via the NASDAQ OMX Global Index Watch product and the NASDAQ OMX Global Index Data Service.