Bank of America Merrill Lynch Announces 2015 Composition and Weights for the Merrill Lynch Commodity Index eXtra℠
December 22 2014 - 10:00AM
Business Wire
DBank of America Merrill Lynch today announced the 2015
composition and weights for the Merrill Lynch Commodity index
eXtraSM (MLCX). The MLCX is designed to provide a liquid,
consistent, representative and cost-efficient benchmark for
commodity market performance and for investment in commodities as
an asset class. The MLCX contains the following six market sectors:
Energy, Base Metals, Precious Metals, Grains & Oil Seeds,
Livestock, and Soft Commodities & Others.
Bank of America Merrill Lynch constructs the MLCX based on the
liquidity of the constituent futures contracts and the value of the
global production of each underlying commodity. The MLCX also seeks
to avoid redundant contracts and includes only the most liquid
contract per commodity, which is determined by volume and
price.
The commodity weights, which are determined by the Bank of
America Merrill Lynch Commodities group pursuant to the MLCX
Handbook, are listed below:
Commodity
2014
2015
Change
Brent 29.01% 28.9% (0.08)% Gasoil 12.28% 11.94% (0.35)% Gasoline
(RBOB) 12.11% 11.57% (0.54)% Wheat 6.65% 6.24% (0.40)% Corn 7.27%
5.63% (1.65)% Crude Oil (WTI) 4.73% 5.35% 0.62% Copper 4.95% 5.28%
0.33% Gold 4.49% 4.24% (0.25)% Aluminium 2.70% 3.07% 0.37% Soybean
Meal 2.37% 2.87% 0.49% Sugar 2.31% 2.53% 0.22% Natural Gas 1.87%
2.22% 0.35% Cotton 1.47% 2.00% 0.53% Live Cattle 2.04% 1.97%
(0.06)% Soybean 1.53% 1.58% 0.05% Coffee 0.92% 1.08% 0.16 Lean Hogs
0.96% 1.03% 0.06% Zinc 0.81% 1.00% 0.19% Nickel 0.81% 0.88% 0.07%
Silver 0.73% 0.60% (0.12)%
Sector
2014
2015 Target
Change
Energy 60.00% 60.00% 0.00% Grains & Oil Seeds 17.83% 16.32%
(1.51)% Base Metals 9.26% 10.23 0.97% Precious Metals 5.21% 4.84%
(0.37)% Soft Commodities 4.69% 5.61% 0.91% & Others Livestock
3.00% 3.00% 0.00%
Due to rounding, the change may not be equal to the difference
between the figures shown.
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