Dow Jones Indexes has launched the Dow Jones AIG Platinum Sub-Index, the Dow Jones AIG Lead Sub-Index and the Dow Jones AIG Tin Sub-Index.
Dow Jones Indexes jointly markets the Dow Jones AIG Commodity Indexes with AIG Financial Products Corp. (AIG-FP), a player in financial derivatives products and a wholly-owned subsidiary of American International Group, Inc. (AIG).
The new single commodity sub-indexes have been licenced to ETF Securities Limited, a London-based provider of exchange-traded commodities (ETCs). The already existing Dow Jones AIG Cocoa Sub-Index has also been licensed to ETF Securities. The four new ETCs will be listed on the London Stock Exchange.
The new Dow Jones AIG Single Commodity Sub-Indexes are constructed according to the rules of the DJ-AIG Commodity Index and are added to the already existing 20 Dow Jones AIG Single Commodity Sub-Indexes for aluminum, coffee, copper, corn, cotton, crude oil, gold, heating oil, lean hogs, live cattle, natural gas, nickel, silver, soybeans, soybean oil, sugar, unleaded gasoline, wheat, zinc and cocoa.
While platinum, lead and tin are eligible for the Dow Jones AIG Commodity Index, they currently are not included in the index, since they do not surpass the minimum weight required for inclusion. Excess and total return versions for all 23 single commodity sub-indexes are available.