10.01.2014 - Index changes shift commodity ETF exposure
The annual rebalancing of two major S&P Dow Jones commodities indexes are going to result in massive buying of Brent crude oil and gold, and unloading of WTI crude and natural gas in the days ahead. The adjusting exposure should directly impact a roster of ETFs that either track one of these benchmarks directly, or that invest in those specific markets, all of which will be impacted by the move. In a process that began Wednesday and should go on for five days, according to S&P Dow Jones, the rebalancing of the Standard & Poor’s Goldman Sachs Commodity Index and the Dow Jones-UBS Commodity Index will trigger roughly $2.7 billion in new buying in the Brent market, and some $1 billion in fresh gold demand...................................Full Article: Source