The fund, which tracks the LGIM Commodity Composite Index, is designed to offer high quality, diversified exposure to commodities in a UCITS-compliant ETF…..…
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Graeme Dewar, Head of Strategy Implementation at LGIM, said “We are seeing increasing demand from pension clients looking for access to this asset class. Their primary requirements are for an efficient, dynamic product with diversification of counterparty risk. Our solution has been to develop an innovative type of benchmark index that includes a minimum of three constituent sub indices. These sub-indices are selected using LGIM’s experience and core skill set to deliver a high quality, dynamic commodity composite index.” The index at launch comprises four sub-indices and will be reviewed at least annually to ensure that it captures developments in commodity indexation.
INDEX COMPOSITION
The indices included in the initial composition of the LGIM Commodity Composite Index are as follows:
Index name (Bloomberg Code)
– Barclays Capital Commodity Index Pure Beta TR(BCC1C1PT Index)
– Citi CUBES Index Total Return (CCUBDJTR Index)
– JPMCCI Ex-Front Month Energy Light Index Total Return (JMCXXELT Index)
– UBS Bloomberg Constant Maturity Commodity Index (CMCITR Index)
PRODUCT SUMMARY
Product name: LGIM Commodity Composite Source ETF
ISIN: IE00B4TXPP71
Base currency: USD
Trading currency: GBP/USD
Management fee: 0.40% per annum
Average Swap Fee: 0.45 per annum
Listing: London Stock Exchange
Benchmark: LGIM Commodity Composite Index
Benchmark Bloomberg Ticker: TGPLGCC
UCITS compliant: Yes
Domicile: Ireland
Source. ETFWorld – Source
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