TABLE-DJ-UBS commodity index cuts natgas, WTI; hikes Brent for 2014

Reuters

NEW YORK, Oct 31 (Reuters) - The Dow Jones-UBS Commodity

Index will increase its weightings for Brent crude, gold and

silver next year, while cutting back on natural gas, U.S. crude

oil futures and some base metals, S&P Dow Jones Indices LLC

announced on Thursday.

The index, one of the two biggest commodity investment

benchmarks in the world with an estimated $75 billion of

investment as of December 2012, made no changes in the 22 index

components this year.

The annual rebalancing is a closely watched affair for

commodity markets, as the process of adjusting positions in

January can cause short-term swings in prices.

S&P Dow Jones, a part of McGraw Hill Financial, also said it

had relaxed its rules for inclusion in the index in order to

preserve continuity. Designated contracts will be removed at the

next rebalance if their initial weight drops below 0.4%.

Here are the new weights for 2014 compared to 2013:

2014 2013 Change

Brent Crude Oil 6.51% 5.79% 0.72%

Gold 11.53% 10.82% 0.71%

Silver 4.14% 3.90% 0.24%

Copper 7.51% 7.28% 0.23%

Heating Oil 3.72% 3.52% 0.20%

Soybeans 5.68% 5.49% 0.19%

Unleaded Gasoline 3.62% 3.46% 0.16%

Corn 7.20% 7.05% 0.14%

Soybean Oil 2.83% 2.74% 0.09%

Soybean Meal 2.68% 2.61% 0.08%

Sugar 3.96% 3.88% 0.07%

Live Cattle 3.27% 3.28% -0.01%

Lean Hogs 1.87% 1.90% -0.03%

Wheat 3.34% 3.43% -0.09%

HRW Wheat 1.21% 1.32% -0.11%

Coffee 2.32% 2.44% -0.12%

Cotton 1.58% 1.77% -0.19%

Nickel 2.05% 2.24% -0.19%

Aluminum 4.72% 4.91% -0.19%

Zinc 2.31% 2.52% -0.21%

WTI Crude Oil 8.49% 9.21% -0.72%

Natural Gas 9.45% 10.42% -0.98%

Rates

View Comments (0)