Commodities
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PrintJ.P. Morgan launched the first commodity index to capture investment opportunities across the entire futures curve, while tracking the performance of 35 commodity markets. Launched in 2007, the J.P. Morgan Commodity Curve Index (JPMCCI) is a family of passive benchmark indices that are 'curve-neutral' and diversified across a broad universe of commodities.
By investing along the entire length of the futures curve in proportion to its open interest, JPMCCI avoids the front-end bias of traditional indices. Investors gain diversification benefits by investing both within and across a broad set of commodity markets. Additional benefits of the JPMCCI include better-balanced sector allocation, significantly reduced roll drag, and enhanced risk-adjusted returns compared to traditional passive indices.
Investors will be able to gain exposure to the JPMCCI through typical performance replication products such as delta-1 certificates and notes, excess/total return swaps or structured products (capital guarantee, leverage) or other bespoke solutions.
JPMCCI Energy Light Total Return Index
The JPMCCI Energy Light Total Return Index is a representative, robust and diversified index that has a maximum allocation of 33% to energy, captures a broad share of the investable commodities universe and is diversified across maturities.
The JPMCCI Energy Light Fund is an open-ended fund that is UCITS III compliant and has been designed to replicate the performance of the JPMCCI Energy Light Total Return Index. The fund is available through distributors in France, Austria, Germany, Italy and the Netherlands only.
The JPMCCI performance data is available on MorganMarkets, DataQuery, and Bloomberg page <JMCX>.
For additional information, contact the Commodity Investments team:
Email: commodity.investments@jpmorgan.com
London: +44 20 7777 3050
or Commodity Index Research:
Email: Commodity_Index_Research@jpmorgan.com
London: +44 20 7777 0070
Downloads
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JPMCCI Energy Light TR Q&A (.pdf)