The J.P. Morgan Commodity Curve Index family (‘JPMCCI’) is a family of passive benchmark indices, which track the performance of 36 commodity underliers and captures investment opportunities across the entire futures curve of each underlier with reference to its historical open interest data.
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 gaining exposure both within and across a broad set of commodity markets. Additional benefits of the JPMCCI include balanced sector allocation, significantly reduced roll drag and enhanced simulated risk-adjusted returns when 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.
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-end 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 J.P. Morgan Markets and Bloomberg page <JMCX>.
Contact the Commodity Investments team at firstname.lastname@example.org or call our London office at +44 207 134 15 10