S&P Dow Jones launches GSCI Gold Inverse, GSCI Silver Inverse indexes

By Tali Rackner

Norfolk, Va., March 31 – S&P Dow Jones Indices announced the launch of the S&P GSCI Gold Inverse index and the S&P GSCI Silver Inverse index.

The two indexes seek to provide the inverse returns of the S&P GSCI Gold index and the S&P GSCI Silver index, respectively, which represent a short position in their respective underlying indexes, according to a press release.

“After the record drop in precious metals in 2013 which has yet to see a rebound, many investors are looking for ways to express their views in falling markets,” S&P global head of commodities Jodie Gunzberg said in the release.

“We are therefore excited to offer the inverse versions of the S&P GSCI Gold and S&P GSCI Silver, which may help investors measure returns that are short in the declining gold and silver markets.”

The S&P GSCI Gold and S&P GSCI Silver are the two single metal sub-indexes of the S&P GSCI Precious Metals, a sector index of the S&P GSCI, and are publicly available benchmarks that track the Comex gold and silver futures.

New York-based S&P Dow Jones Indices is a part of McGraw Hill Financial and provides index-based concepts, data and research.

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