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Bloomberg Commodity Index 2022 Target Weights Announced

November 9, 2021 GMT
Bloomberg
Bloomberg
Bloomberg

NEW YORK, Nov. 9, 2021 /PRNewswire/ -- Today Bloomberg announced the composition and target weights for 2022 for the Bloomberg Commodity Index (“BCOM”).

Launched in 1998, with historical data available back to 1960, BCOM is a widely tracked benchmark for the commodities market. Assets tracking the benchmark are now over $100bn, the highest level on record. The index references exchange-traded contracts linked to 23 physical commodities, and the 2022 target weights will be implemented during the standard January 2022 index roll.

As a result of this year’s reconstitution, there will be no commodity additions nor deletions in BCOM. The precious metals sector was the only group to see a weight increase in 2022, driven by increases in both gold and silver. Gold’s target weight increased by 0.35%, hitting BCOM’s single commodity limit of 15%. Despite a slight decrease, the energy sector retains the highest weight, at 29.8%.

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Overall, BCOM will see sector target weight decreases in energy, grains, softs, livestock and industrial metals. The target weights for all BCOM components for 2022, as well as their comparative weights in 2021, are listed below:

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Group

Commodity

Ticker

2022 Target Weight

2021 Target Weight

Energy

WTI Crude Oil

CL

8.0368820%

8.1448320%

Natural Gas

NG

7.9548670%

8.0720060%

Brent Crude Oil

CO

6.9631180%

6.8551680%

Low Sulphur Gas Oil

QS

2.6496240%

2.6415190%

RBOB Gasoline

XB

2.1728010%

2.1791840%

ULS Diesel

HO

2.0526330%

2.0820140%



29.83%

29.97%

Grains

Corn

C

5.5899030%

5.5866490%

Soybeans

S

5.7888440%

5.8174090%

Soybean Meal

SM

3.5200260%

3.5987640%

Wheat

W

2.8463610%

2.8850050%

Soybean Oil

BO

3.1716110%

3.1955900%

HRW Wheat

KW

1.6636530%

1.5713880%



22.58%

22.65%

Industrial Metals

Copper

HG

5.3982920%

5.3937680%

Aluminum

LA

4.2457680%

4.2083970%

Zinc

LX

3.1189270%

3.2468830%

Nickel

LN

2.7134270%

2.7139540%



15.48%

15.56%

Precious Metals

Gold

GC

15.0000000%

14.6459560%

Silver

SI

4.7468930%

4.3539140%



19.75%

19.00%

Softs

Sugar

SB

2.7943260%

2.9870850%

Coffee

KC

2.7333550%

2.7366190%

Cotton

CT

1.5032870%

1.5110980%



7.03%

7.23%

Livestock

Live Cattle

LC

3.5807520%

3.8464030%

Lean Hogs

LH

1.7546500%

1.7263950%



5.34%

5.57%

Target weights are determined in accordance with the rules described in the BCOM methodology. The index rules account for liquidity and production data in a 2:1 ratio and are subject to the following requirements regarding capping and diversification:

  • No sector weight can exceed 33%
  • The aggregate weight for each single commodity and its derivatives cannot exceed 25%
  • No single commodity weight can exceed 15%

For additional information and licensing opportunities, please contact commodities@bloombergindices.com or visit bloombergindices.com.

Bloomberg terminal users can visit IN on the Bloomberg Terminal for index performance and analytics.

About Bloomberg Index Services Limited
Bloomberg’s index team has a proven track record in creating industry-standard and bespoke indices across asset classes, including market-leading fixed income and commodity indices. Bloomberg Index Services Limited (BISL) takes an innovative approach to delivering strategic benchmarks that help market participants address their evolving needs. As an integral part of Bloomberg, BISL has access to an unparalleled breadth of trusted data and reliable technology for calculations, analytics and workflow automation, along with distribution capabilities that can help amplify the visibility of our customers’ products.

About Bloomberg
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