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SGI CODA LS X Index

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Main characteristics

Bloomberg Code SGCODALX
Inception Date 31/01/2019
Return Type Excess Return
Currency USD
Calculated By Compass

Objective

The SGI CODA LS X Index (USD - Excess Return) tracks the performance of a systematic long/short strategy based on synthetic positions in the SGCOCOC7 Index and the SGCO CRS X Index. The index takes a long position on the SGCOCOC7 Index and a short position on the SGCO CRS X Index.

Mechanism

The Index is directly invested in a basket of commodities, ex- Natural Gas and Precious Metals, via its synthetic positions in the SGCOCOC7 Index and the SGCO CRS X Index. The Index tracks the performance of a long/short strategy by taking a synthetic long position in an Underlying SGI Index with an enhanced roll-mechanism and a synthetic short position in an Underlying Index benchmark. The index rebalances both legs monthly. 


The Index is calculated by COMPASS FINANCIAL TECHNOLOGIES SA. COMPASS FINANCIAL TECHNOLOGIES SA uses its best efforts to ensure that the Index is calculated correctly. Not with standing its obligations towards the issuer of the product, COMPASS FINANCIAL TECHNOLOGIES SA has no obligation to point out errors in the Index to third parties including without limitation to investors and/or financial intermediaries. The calculation, the publication and the dissemination of the Index by COMPASS FINANCIAL TECHNOLOGIES SA does not constitute a recommendation by COMPASS FINANCIAL TECHNOLOGIES SA to invest capital in the product nor does it in any way represent an assurance or opinion of COMPASS FINANCIAL TECHNOLOGIES SA with regard to any investment the rein. Purchasers of the product are made aware, and accept, that index calculations are based on large quantities of data provided by third parties and are thus susceptible to errors, interruptions and delays. This may result in errors, interruptions and delays in the Index which may have impact on the product”

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