Hedge Fund Focus

S&P Launches UCITS Compliant Version of the S&P GSCI

Standard & Poor’s, the world’s leading index provider, announced today the launch of the S&P GSCI UCITS Index, an index that caps sector weights at 35% annually and complies with European Union UCITS III directives.

UCITS, which stands for “Undertakings for Collective Investment In Transferable Securities,” is the name of a European Directive first enacted by the European Commission in 1985. Its latest version, called UCITS III, was put forth in 2002 and applies to funds marketed to retail investors. A UCITS compliant fund can be freely marketed to the public in all 30 countries of the European Economic Area (EEA).

The S&P GSCI is the most closely followed benchmark for investment performance in the commodity markets.

About Standard & Poor’s:

Standard & Poor’s, a subsidiary of The McGraw-Hill Companies (NYSE: MHP) , is the world’s foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor’s is an essential part of the world’s financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions.