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SGI Short Brent

Index level: Index level is not available

Main characteristics

Bloomberg Code SGIXBS
Inception Date 15/07/2008
Return Type Total Return
Currency USD
CALCULATED_BY Standard & Poor's

Objective

The Index represents a systematic open end strategy that reflects the inverse performance of the nearby ICE Brent Futures Contract (Brent Future). The Index is linked to the performance:- of the Brent Future and reflects the day to day difference with a leverage of minus 1. Based on the daily closings of the Brent Future and the Index, the leverage will be readjusted to minus 1 on each trading day.- of a cash component invested in USD 3-month Treasury Bill.Before the current Future Contract expires, it will be replaced by the Future Contract with the next nearby expiry date, according to the contract’s terms and conditions as fixed by the Intercontinental Exchange London. The Roll-over takes place over the 3 days preceding the last trading day of the future.

Mechanism

The Index represents a systematic open end strategy that reflects the inverse performance of the nearby ICE Brent Futures Contract (Brent Future). The Index is linked to the performance:- of the Brent Future and reflects the day to day difference with a leverage of minus 1. Based on the daily closings of the Brent Future and the Index, the leverage will be readjusted to minus 1 on each trading day.- of a cash component invested in USD 3-month Treasury Bill.Before the current Future Contract expires, it will be replaced by the Future Contract with the next nearby expiry date, according to the contract’s terms and conditions as fixed by the Intercontinental Exchange London. The Roll-over takes place over the 3 days preceding the last trading day of the future.

The SGI Short Brent (USD - TR) (The “Index”) is the property of SG, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to maintain and calculate the Index. S&P® is a registered trademarks of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices Custom” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been sublicensed for certain purposes by SG. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates shall be liable for any errors or omissions in calculating the Index.
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