NEW YORK (August 13, 2008) — Dow Jones Indexes, a leading global index provider, announced the new target weightings for the Dow Jones-AIG Commodity IndexSM that will become effective in early January 2009. The new target weights for the commodity components, which were determined and approved by the Dow Jones-AIG Commodity Index Supervisory Committee in August 2008 following consultation with the Dow Jones - AIG Commodity Index Advisory Committee, are listed below.
| Natural Gas | 11.8900640% |
| Crude Oil | 13.7526330% |
| Unleaded Gas | 3.7091280% |
| Heating Oil | 3.6481740% |
| Live Cattle | 4.2853450% |
| Lean Hogs | 2.3988780% |
| Wheat | 4.7962120% |
| Corn | 5.7214090% |
| Soybeans | 7.5994330% |
| Soybean Oil | 2.8828690% |
| Aluminum | 6.9991660% |
| Copper | 7.3065410% |
| Zinc | 3.1424310% |
| Nickel | 2.8827230% |
| Gold | 7.8627470% |
| Silver | 2.8913020% |
| Sugar | 2.9931550% |
| Cotton | 2.2651500% |
| Coffee | 2.9726400% |
These weights will be used to determine the Dow Jones-AIG Commodity Index Multipliers for 2009 in January 2009. These multipliers, computed once a year, are factors used to express the percentage weights in U.S. dollar-denominated terms when calculating the Index.
Launched in 1998, the Dow Jones-AIG Commodity index family includes nine sector sub-indexes, multiple forward month indexes, indexes for each individual commodity in the original DJ-AIGCI, Euro-, Yen-, Sterling-, and Swiss Franc-denominated versions of the Dow Jones-AIG Commodity Index, and the Dow Jones-AIG Commodity Spot Index. Also available are total return versions of each of the excess return indexes and sub-indexes. As of the end of the second quarter of 2008, an estimated $55 billion tracked the DJ-AIGCI group of indexes.
Journalists may e-mail questions regarding this press release to
PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720
Frankfurt: +49-69-29-725-290
Hong Kong: +852-800-969-336
Singapore +65-6-4154-299
Note to Editors:
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world’s leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
CHICAGO (July 29, 2008) ― The Dow Jones-AIG Commodity Total Return Index is up 12.01% so far this year. Leading commodity analysts provided their market outlook for the rest of 2008 this morning at the seventh annual Dow Jones Indexes Commodity Outlook, hosted by CME Group.
Oil prices may have reached their peak for now
"Declining oil prices in recent weeks due in part to weakened U.S. demand and increased global output have provided relief to consumers after the string of record highs we've experienced in the first half of 2008. The questions on people's minds are 'has the oil bubble finally burst' and 'if so when will we see a return to double-digit prices?' We should see oil prices reach $99, heating oil at $250 and RBOB close at $220 before the end of the year," said Phil Flynn, vice president and senior market analyst, Alaron Trading Corporation, Chicago.
Global grains supply expected to rise in second half of 2008
"Soaring energy and food prices are a forgone conclusion that realistically can't be reversed without a global recession. However, contrary to popular belief, historically high grain prices will bring on more supply than was expected in early 2008, especially as profitability stimulates productive efforts worldwide," said David C. Hightower, president and founder, The Hightower Report, Chicago.
Gold prices will continue to soar into 2009
"Gold continues to be used as a vehicle to hedge inflation and a store of value in uncertain times. In an environment with high crude oil prices, a historically weak dollar and fragile world economies, gold should trade at the high end of its recent range and make new highs into 2009," said Charles Nedoss, senior account manager, Peak Trading, Rosenthal Collins, Chicago.
The Dow Jones-AIG Commodity Index, a diversified and highly liquid benchmark for the commodities markets, is composed of futures contracts on physical commodities and was introduced in 1998. The 19 commodities currently in the Dow Jones &sdash; AIG Commodity Indexsm are: aluminum, cattle, coffee, copper, corn, cotton, crude oil, gold, heating oil, hogs, natural gas, nickel, silver, soybeans, soybean oil, sugar, unleaded gas, wheat and zinc. The Dow Jones — AIG Single Commodity Indexes include subindexes for the 19 commodities in the composite index, plus cocoa, platinum, lead and tin.
For more information on the Dow Jones — AIG Commodity Indexes, please visit www.djindexes.com
.
Journalists may e-mail questions regarding this press release to
PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720
Frankfurt: +49-69-29-725-290
Hong Kong: +852-800-969-336
Singapore +65-6-4154-299
Note to Editors:
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world’s leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
NEW YORK (Jan. 3, 2008) ― The target weights for the Dow Jones - AIG Commodity IndexSM (DJ-AIGCISM) to be implemented in January 2008 and originally published on August 3, 2007 are repeated below. The 2008 target weights were originally approved by the Dow Jones-AIG Commodity Index Supervisory Committee in August 2007.
| Natural Gas | 12.2370840% |
| Crude Oil | 13.1565920% |
| Gasoline | 3.7837980% |
| Heating Oil | 3.8225250% |
| Live Cattle | 4.8874000% |
| Lean Hogs | 2.5481230% |
| Wheat | 4.7034060% |
| Corn | 5.6634570% |
| Soybeans | 7.6285410% |
| Soybean Oil | 2.8119330% |
| Aluminum | 7.1079710% |
| Copper | 7.0405160% |
| Zinc | 3.0330160% |
| Nickel | 2.7917080% |
| Gold | 7.3961900% |
| Silver | 2.7214230% |
| Sugar | 3.1851450% |
| Cotton | 2.4795880% |
| Coffee | 3.0015850% |
These weights will be used to determine the new Dow Jones-AIG Commodity Index Multipliers for 2008 after the close of business on January 7, 2008. These multipliers are computed once a year and represent factors used to express the percentage weights in U.S. dollar-denominated terms for each commodity. The 2008 Multipliers are implemented in the calculation of the Index over five days, starting before the opening of trade on January 9, 2008. For a complete description of the Index calculations, please refer to the DJ-AIGCI Handbook available at www.djindexes.com.
The Dow Jones-AIG Commodity Index, a diversified and highly liquid benchmark for the commodities markets, is composed of futures contracts on physical commodities and was introduced in 1998. The DJ-AIGCI is composed of futures contracts on 19 physical commodities. The DJ-AIGCI family of indexes includes nine sector sub-indexes, multiple forward month indexes, sub-indexes for each individual commodity in the original DJ-AIGCI, Euro-, Yen-, Swiss Franc-, and British Pound-denominated versions of the Dow Jones-AIG Commodity Index, and the Dow Jones-AIG Commodity Spot IndexSM. Also available are total return versions of each of the excess return indexes and sub-indexes. Currently, there is an estimated $42 billion invested in financial products that track the Dow Jones-AIG Commodity Indexes on a global basis.
Journalists may e-mail questions to: PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720
Frankfurt: + 49-69-2972-5290
For questions about the Dow Jones – AIG Commodity Index, please contact
Dan Raab at AIG Financial Products Corp.
Wilton, CT: +1-203-563-1960
raab@aigfpc.com
Note to Editors:
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world’s leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones & Company (www.dowjones.com) is a subsidiary of News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV; www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of Stoxx Ltd. and provides news content to radio stations in the U.S.
Disclaimer: The information contained herein is being furnished for information purposes only. This communication does not constitute an offer to sell or the solicitation of an offer to purchase any security, future or other financial instrument or product. The information contained herein (including historical prices or values) has been obtained from sources that AIG Financial Products Corp. ("AIG-FP") and Dow Jones & Company Inc. ("Dow Jones") consider to be reliable; however, neither AIG-FP nor Dow Jones makes any representation as to, or accepts any responsibility or liability for, the accuracy or completeness of the information contained herein. The Dow Jones-AIG Commodity Index was launched on July 14, 1998, and its sub-indexes, forward indexes and related indexes may have been launched at later dates. All data for any index prior to its launch date is an historical estimation using available data. Historical results should not and cannot be viewed as an indicator of future results. For a more complete description of the DJ-AIGCI, reference is made to the DJ-AIGCI Handbook. "Dow Jones," "AIG®," "Dow Jones-AIG Commodity Index," "Dow Jones-AIG Commodity Index Total Return" and "DJ-AIGCI" are service marks or trademarks of Dow Jones and American International Group, Inc., as the case may be. Dow Jones does not sponsor, promote, or sell any product based on the DJ-AIGCI, and neither AIG-FP nor Dow Jones, nor any of their respective affiliates, makes any representation herein regarding the advisability of investing in any product based on the DJ-AIGCI. Neither AIG-FP nor Dow Jones is an advisor as to legal, taxation, accounting, regulatory or financial matters in any jurisdiction, and is not providing any advice as to any such matter.