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Main characteristics

Bloomberg Code SGIXWTLX
Inception Date 01/04/2009
Return Type Excess Return
Currency USD
CALCULATED_BY Standard & Poor's

Objective

SGI Smart WTI Long is a commodity Index. It gives exposure to the crude oil performance in an optimized way compared to the traditional market indices. In other words, its objective is to optimize the characteristics of the commodity crude oil market and capture future price performance.

Mechanism

SGI Smart WTI Long can roll over 13 possible future contracts when there is sufficient liquidity in the crude oil market. Every month, a Proprietary Algorithm selects, among the predefined Universe, the Optimum Future Contract on which the index is going to roll, depending on price and matuirty. The Optimum Future Contract generates the lowest negative or highest positive roll yield depending on market conditions.


The SGI Smart WTI Long (USD - ER) (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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