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REbalaning of Index Securities-ETFS Commodity Secs

5th Jan 2015 15:06

RNS Number : 3116B
ETFS Commodity Secs Ltd
05 January 2015
 



 

ETFS Commodity Securities Limited

5 January 2015

 

Rebalancing of Index Securities

 

The annual rebalancing of the Bloomberg Commodity Index and Bloomberg Commodity Index 3 Month Forward will commence this week. Consequently, each of the twenty-eight categories of Index Securities (comprising eighteen categories of Classic Index Securities and ten categories of Longer Dated Index Securities) issued by ETFS Commodity Securities Limited (the "Issuer") will also be rebalanced. As explained in the Prospectus, this will be done by adjusting the number of Micro Securities comprised in each Index Security.

 

The rebalancing itself will not change the value of any Index Security and no action is required on the part of Security Holders. The rebalancing does not affect the forty-six classes of Individual Securities (comprising twenty-seven classes of Classic Individual Securities and twenty-three classes of Longer Dated Individual Securities).

 

The timetable for the rebalancing of the Index Securities is as follows:

 

Wednesday, 7 January 2015

 

The target number of Micro Securities to be increased/decreased for each commodity in each Index Security will be determined using Tuesday's settlement prices.

 

Thursday 8 January 2015, Friday 9 January 2015, Monday 12 January 2015, Tuesday 13 January 2015, Wednesday 14 January 2015

 

At the beginning of each of these days, the number of Micro Securities will be adjusted, based on the targeted changes and the actual previous day's closing prices, and the updated number of Micro Securities for each class of Index Security in issue will be available prior to trading commencing on the Issuer's website at

http://www.etfsecurities.com/institutional/uk/en-gb/pricing-etfs-commodity-securities-limited-(classic).aspx 

and

http://www.etfsecurities.com/institutional/uk/en-gb/pricing-etfs-commodity-securities-limited-(longer-dated).aspx

 

Thursday, 15 January 2015

 

The final number of Micro Securities in each Index Security following the rebalancing will be announced prior to the opening of trading. (Note, however, if there is a Market Disruption Event for a commodity on Wednesday 14 January 2015 then the final number of Micro Securities for any Index Security containing that commodity will not be determined until the next Business Day which is not a Market Disruption Day).

 

The table below shows (i) the existing weighting of each commodity for the Classic Securities and the Longer Dated Securities, as measured by the effective weight at current commodity prices in the ETFS All Commodities Index Security (for the Classic Securities) or the ETFS Longer Dated All Commodities Index Security (for the Longer Dated Securities), and (ii) the targeted new weighting of each commodity for the Classic Securities and the Longer Dated Securities, based on the Commodity Index Percentage to be used in the rebalancing of Bloomberg Commodity Index (Classic Securities) or Bloomberg Commodity Index 3 Month Forward (Longer Dated Securities).

 

 

For further information, please contact

Richard Parker,

R&H Fund Services (Jersey) Limited

Tel: +44 (0) 1534 825200

Fax: +44 (0) 1534 825335

E-mail address: [email protected]

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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