MERCHANDISER
NewNaturalResourcesHedgeFundIndexes
GardnerFinanceAG(Gardner)hasmadeseveralnewnaturalresources “Investor interest in commodities is at an all time high,” says
hedge fund focused indexes available, joining the existing Gardner Michael Laznicka, Gardner’s CEO. “The MacroIndex family, by
EnergyMacroIndex
®
(GEMI
®
)intheGardnerMacroIndex
®
family. uniquelyreferencinghedgefundsinvarioussectorsofthenatural
Thenewhedgefundindexeshavebeenhypotheticallycalculated resourcesandcommoditiesspace,affordsinvestorsanalternative
by Gardner since January 2007 and checked for their robustness viewofprospectivereturnsfromthisassetclass.”
overthatperiod.GardnercreatedtheMacroIndexProductFamily Gardnerhasasoundhistoryofprovidinganinnovativeplatform
to provide investors with full multi-strategy exposure to all asset forfinancialsolutionsthatcoverawiderangeofinvestmentindus-
classesinasingleindustrysector. try products in the commodity trading, public/private equity and
The new MacroIndexes target broader commodities (Gardner public/private debt markets. Gardner focuses on, and is a recog-
Commodity MacroIndex
®
(GCMI
®
)), agriculture and livestock nisedspecialistin,thenaturalresourcesinvestmentsectorwhereit
(Gardner Agriculture Livestock MacroIndex
®
(GALMI
®
)), minerals employs its extensive knowledge of commodity investment prod-
and metals (Gardner Minerals Metals MacroIndex
®
(GMMI
®
)), uctsintheenergy,agriculture,metalsandmaterialssub-sectors.
environmental(GardnerGreenMacroIndex
®
(GGMI
®
)),electricity Gardner created its MacroIndex Product Family to provide
trading (Gardner Power MacroIndex
®
(GPMI
®
)) and freight and investorswithfullaccesstoallassetclassesandstrategiesinasin-
transportation(GardnerShippingMacroIndex
®
(GSMI
®
)). gle industry sector. Gardner launched its first MacroIndex, GEMI,
TheGardnerMacroIndexfamilyisdesignedtoprovideamacro over three years ago in cooperation with Credit Suisse in
view on various natural resource markets by looking at the per- Switzerland as a first mover in the industry. That index remains
formance of carefully selected and rated underlying best in class uniqueinthemarketandnootheractivehedgefundperformance
hedge funds in the chosen sector and to act as a hypothetical indexwithsuchastrategyofcompositioncurrentlyexists.
benchmark for investors. The index components are selected by
Gardnerusingdefinedandobjectiveratingcriteriaandtheindex More information on the Gardner MacroIndex family
valueiscalculatedmonthlyusingpre-formulatedindexcalculation can be found at:
www.macroindex.com
rules.TheexistingGardnerEnergyMacroIndexnowhasmorethan
www.gardner.ch
athreeyeartrackrecord.
RogersCreatesCommoditiesIndexforETF
SELF-STYLEDCOMMODITIESGURUJimRogershasputtogether agent,withdataavailablethroughmostdatavendors.
anewindextargetingcommodityproducers,intendedtounderlay Inrecentyears,thehardassetssectorhasexperiencedsignificant
anexchangetradedfund(ETF).TheRogers
TM
VanEckHardAssets growth due to steadily rising commodity prices. Based on back
ProducersIndex
SM
(RVEI)givesinvestorsachancetoridethe‘com- tests,theRVEIhasrisenover300%overthepastfiveyears.
moditiesbull’byaccessingauniverseofproducersfromalloverthe SaysJosephLaCorte,ManagingMemberofNewYorkbasedindex
world.TheRVEIisintendedtoserveasacomprehensive,data-rich publisherS-NetworkGlobalIndexesLLC,“TheRVEIisglobal,com-
equitybenchmarkfortheglobalcommoditiessector(whichisalso prehensiveandpure-play.Itisalsoforwardlooking,becauseitcov-
referredtoasthe‘hardassets’sector). erssectors,suchasalternativeenergyandwater,whichhavenot
“FromwhatIcansee,thereisnotanotherindexlikeit,”Rogers beenincludedinthehardassetscategoryuntilnow.”
toldreportersatthelaunch.“Therearenoindexesthatarespecifi- “Wethinkthebullmarketincommoditiesstillhasalongwayto
callytargetedatstocksthataremajorproducersofcommodities.” go, especially when you look at growth rates in China, India, the
TheRVEIcomprises310stocksfromaroundtheworldthattogeth- MENA countries and throughout most of the developing world,
eraccountfornearly15%oftheworld’stotalstockmarketcapi- wheredemandforjustabouteverycommodityisrisingatunprece-
talisation–acapitalisation-weightedindex,adjustedforfreefloat. dentedrates,”saysRogers.
Itisdividedintosixsectors:Energy,agriculture,baseandindustri- Companies,exceptforthoseinthewatersector,containedinthe
al metals, forest products, precious metals, and alternatives. The RVEImustderiveatleast50%oftheirrevenuesfromtheapplica-
sectorsareweightedbasedonestimatesofglobalconsumptionof blecommoditysector.Altogether,thesecompaniesownorcontrol
therespectivecommodities.Over90%oftheglobalstockmarket mostoftheworld’sproductionofenergyandmetals,andplaycen-
capitalisationofeachsectoriscaptured. tralrolesinworldagriculturalproduction.
The RVE Family of Indexes is published by S-Network Global FordetailedinformationandrelatedRVEIindexesgoto:
Indexes, LLC and S&P Custom Indexes serves as its calculation
www.rveindexes.com
NICKEL ELECTRICITY COCOA OIL PULSES SOYBEANS NATURALGAS GRAINS FUTURES VaR OPTIONS COFFEE
SOFTWARE ALUMINIUM HEDGE EXCHANGES SILVER OTC BANKS TRADING RESEARCH COAL ANALYSIS GOLD
SUGAR FORWARDS TIN INDEX PLATINUM TEA LEAD EMISSIONS RUBBER MINING CLEARING SWAPS
PALLADIUM CONCENTRATES WEATHER RENEWABLES DEREGULATION ZINC DIAMONDS ONLINETRADING RISK
MANAGEMENT BUY INTERNET COPPER RHODIUM CLIMATE CHANGE STEEL REGULATION ASSOCIATIONS
TRADING SYSTEMS SELL WAREHOUSING NUCLEAR EMERGINGMARKETS ENERGYSTRATEGIES GREENCERTIFICATES
CO
2
CONTRACTS PORTFOLIO TRANSMISSION ASSETVALUATION TECHNOLOGY HEDGEFUNDS ELECTRONICMARKETS
CARBONTRADING INVESTING FEEDS PRIVATISATION MANAGERS AUTOMATION DERIVATIVES FORECASTS ETFs
COMMODITIES NOW SEPTEMBER 2008 15
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