S&P GSCI
The S&P GSCI is an index that tracks prices for 24 commonly traded to commodities
- first major investable commodity index
- widely recognized benchmarks
- broad-based and production weighted to represent the global commodity market beta
- includes the most liquid commodity futures
- provides diversification with low correlations to other asset classes.
Other Ways to Use The S&P GSCI
- Compared the S&P 500 index to see if commodities are relatively expensive or cheap
- Sell commodities when ratio is high: 1990, 2008
- Buy commodities when the ratio is low: 1971, 1998