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S&P Dow Jones Indices Expands its S&P GSCI Dynamic Roll Family



        S&P Dow Jones Indices Expands its S&P GSCI Dynamic Roll Family

PR Newswire

NEW YORK, Oct. 1, 2013

NEW YORK, Oct. 1, 2013 /PRNewswire/ -- S&P Dow Jones Indices announced today
the launch of the S&P GSCI® Soybean Meal Dynamic Roll and S&P GSCI Soybean Oil
Dynamic Roll which are designed to alleviate negative roll yield from contango
while aiming to minimize turnover.

These Indices follow the S&P GSCI Dynamic Roll methodology which utilizes a
two part process to determine the optimal futures contract to be held every
month. After contracts pass a liquidity screen for inclusion, the first step
is to measure which of those contracts have the highest implied roll yield,
indicating the least contango or most backwardation. The second step is to
check whether the incumbent contract has a high enough implied roll yield rank
to continue to be held, aiming to minimize turnover. 

"The S&P GSCI Soybean Meal Dynamic Roll and S&P GSCI Soybean Oil Dynamic Roll
aim to lower the cost of contango and turnover by conditionally selecting the
optimal contracts," says Jodie Gunzberg, Vice President at S&P Dow Jones
Indices. "The Indices achieve this by considering the shape of the curve every
month to be flexible to meet the changing market conditions of today."

The launch of the S&P GSCI Soybean Meal Dynamic Roll and S&P GSCI Soybean Oil
Dynamic Roll expands the S&P GSCI Dynamic Roll family. The S&P GSCI is the
first major investible commodity index. It is one of the most widely
recognized benchmarks that is broad-based and production weighted to represent
the global commodity market beta.

For more information, please visit
www.spdji.com/index-family/commodities/sp-gsci.

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's
largest, global resource for index-based concepts, data and research. Home to
iconic financial market indicators, such as the S&P 500® and the Dow Jones
Industrial Average^TM, S&P Dow Jones Indices LLC has over 115 years of
experience constructing innovative and transparent solutions that fulfill the
needs of investors. More assets are invested in products based upon our
indices than any other provider in the world. With over 830,000 indices
covering a wide range of asset classes across the globe, S&P Dow Jones Indices
LLC defines the way investors measure and trade the markets. To learn more
about our company, please visit www.spdji.com. 

Standard & Poor's and S&P are registered trademarks of Standard & Poor's
Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a
registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").  These
trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible
to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and
their respective affiliates (collectively "S&P Dow Jones Indices") do not
sponsor, endorse, sell, or promote any investment fund or other investment
vehicle that is offered by third parties and that seeks to provide an
investment return based on the performance of any index. This document does
not constitute an offer of services in jurisdictions where S&P Dow Jones
Indices does not have the necessary licenses. S&P Dow Jones Indices receives
compensation in connection with licensing its indices to third parties.

SOURCE S&P Dow Jones Indices

Website: http://www.spdji.com
Contact: David R. Guarino, Communications, S&P Dow Jones Indices, (+1) 212 438
1471, dave.guarino@spdji.com; Soogyung Cho, Communications, S&P Dow Jones
Indices, (+1) 212 438 2297, soogyung.cho@spdji.com
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