FTSE launches new commodity index
Global index company FTSE Group has launched a rules-based, long-short index, the FTSE Dynamic Commodity Index.
Announcing the launch of the new product this week, the company said it was derived from Professor John M. Mulvey’s risk management and portfolio allocation approach – Dynamic Portfolio Tactics.
It said the new index would provide investors with transparent and efficient exposure to global commodity markets, via a proprietary regime-shifting approach, which seeks to capture discrete changes in economic data to guide positive or negative commodity weightings.
Announcing the launch of the index, FTSE Group North American president Jonathan Horton said it was intended to serve as the basis for a wide range of index-linked investment products, “ultimately providing investors with new, intelligent means of gaining exposure to global commodity markets.”
Recommended for you
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
AMP has agreed in principle to settle an advice and insurance class action that commenced in 2020 related to historic commission payment activity.
BT has kicked off its second annual Career Pathways Program in partnership with Striver, almost doubling its intake from the inaugural program last year.
Kaplan has launched a six-week intensive program to start in January, targeting advisers who are unlikely to meet the education deadline but intend to return to the profession once they do.
