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Thomson Reuters and Multi Commodity Exchange of India announced the launch of their co-branded commodity index series, Thomson Reuters-MCX India Commodity Indices (iCOMDEX), tracking the performance of commodities listed on MCX.
The Thomson Reuters-MCX iCOMDEX series, utilize a similar methodology to other established commodity indices used by international investors, such as the popular Thomson Reuters/CoreCommodity CRB index.
The series include a composite index consisting of 11 commodities; sector indices for bullion and base metals, and individual commodity indices for gold, copper and crude oil. These indices have been designed to be tracked by derivatives and exchange traded funds, to allow investors to monetize views and manage investment risk. As a part of the arrangement, Thomson Reuters will calculate and administer the indices, which would track the commodity futures prices traded on MCX, with MCX advising Thomson Reuters on index methodology and ensuring that it best meets the needs of Indian investors looking to increase their exposure to this asset class.
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