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Bank of America Merrill Lynch Announces 2015 Composition and Weights for the Merrill Lynch Commodity Index eXtra℠

Monday, December 22, 2014 10:00 am EST

Dateline:

NEW YORK

Public Company Information:

NYSE:
BAC

DBank of America Merrill Lynch today announced the 2015 composition and weights for the Merrill Lynch Commodity index eXtraSM (MLCX). The MLCX is designed to provide a liquid, consistent, representative and cost-efficient benchmark for commodity market performance and for investment in commodities as an asset class. The MLCX contains the following six market sectors: Energy, Base Metals, Precious Metals, Grains & Oil Seeds, Livestock, and Soft Commodities & Others.

Bank of America Merrill Lynch constructs the MLCX based on the liquidity of the constituent futures contracts and the value of the global production of each underlying commodity. The MLCX also seeks to avoid redundant contracts and includes only the most liquid contract per commodity, which is determined by volume and price.

The commodity weights, which are determined by the Bank of America Merrill Lynch Commodities group pursuant to the MLCX Handbook, are listed below:

Commodity

 

2014

 

2015

 

Change

Brent 29.01% 28.9% (0.08)%
Gasoil 12.28% 11.94% (0.35)%
Gasoline (RBOB) 12.11% 11.57% (0.54)%
Wheat 6.65% 6.24% (0.40)%
Corn 7.27% 5.63% (1.65)%
Crude Oil (WTI) 4.73% 5.35% 0.62%
Copper 4.95% 5.28% 0.33%
Gold 4.49% 4.24% (0.25)%
Aluminium 2.70% 3.07% 0.37%
Soybean Meal 2.37% 2.87% 0.49%
Sugar 2.31% 2.53% 0.22%
Natural Gas 1.87% 2.22% 0.35%
Cotton 1.47% 2.00% 0.53%
Live Cattle 2.04% 1.97% (0.06)%
Soybean 1.53% 1.58% 0.05%
Coffee 0.92% 1.08% 0.16
Lean Hogs 0.96% 1.03% 0.06%
Zinc 0.81% 1.00% 0.19%
Nickel 0.81% 0.88% 0.07%
Silver 0.73% 0.60% (0.12)%
 
 

Sector

2014

2015 Target

Change

Energy 60.00% 60.00% 0.00%
Grains & Oil Seeds 17.83% 16.32% (1.51)%
Base Metals 9.26% 10.23 0.97%
Precious Metals 5.21% 4.84% (0.37)%
Soft Commodities 4.69% 5.61% 0.91%
& Others
Livestock 3.00% 3.00% 0.00%

Due to rounding, the change may not be equal to the difference between the figures shown.

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