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S&P GSCI

Reviewed by Apoorva | Updated on Sep 30, 2020

Catalogue

Introduction

S&P GSCI, a composite index of commodities, is capable of measuring the commodity market performance. It is the commodity equivalent of stock indexes.

Initially, S&P GSCI was called the Goldman Sachs Commodity Index (GSCI) before Standard and Poor purchased in 2007. It is made of 24 exchange-traded futures contracts that cover physical commodities from five different sectors. One can invest in it and track the performance via ETF products.

Understanding S&P GSCI

S&P GSCI covers physical commodities from sectors such as energy, precious metals, industrial metals, agriculture, and livestock. The components of the index qualify for inclusion in the index-based liquidity measures. They are weighed in comparison to their global production levels. GSCI is valued as an economic indicator and a commodities market benchmark.

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