Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

4098

Precious metals lead S&P GSCI in November

RELATED TOPICS​

The S&P GSCI increased 1.52 per cent in November led by the precious metals sector which gained 13.53 per cent, according to figures from Standard & Poor’s.

Year-to-date through November, the S&P GSCI is up 12.51 per cent.
 
“Commodity strength in November coincided with a 1.97 per cent decline in the US Dollar Index and a 6.00 per cent increase in the S&P 500 Total Return Index,” says Michael McGlone, director of commodity indexing at S&P Indices. “Also helping dollar-based commodities in November was the continued decline in US interest rates. The yield on the US two-year note declined 12 basis points to the lowest end-of-the-month mark in history at 0.67 per cent, providing little competition for holders of non-income producing assets, such as commodities.”
 
The S&P GSCI Industrial Metals Index registered a strong return in November, gaining 4.91 per cent during the month.

Poor harvest conditions contributed to the S&P GSCI Agriculture Index gaining 7.73 per cent during the month, pushing it back into positive territory for the year.

Weakness in natural gas and rolling costs led to a 0.46 per cent decline in the S&P GSCI Energy Index in November, lessening its year-to-date return to 10.44 per cent.
 
Indices designed to alleviate the negative impact of rolling into contango continued to outperform, as evidenced by the 3.27 per cent November gain in the S&P GSCI Enhanced Capped Component 35/20 Index. Year-to-date, the S&P GSCI Enhanced Capped Component 35/20 Index ended the month with a gain of 14.18 per cent compared to the 21.72 per cent increase for the S&P GSCI Enhanced Index and a 20.48 per cent gain for the S&P GSCI 3-Month Forward Index.

Latest News

Designed to meet the growing needs of investors seeking to combine financial returns with impact..
MSCI has launched MSCI AI Portfolio Insights, writing that it combines generative artificial intelligence “GenAI”..
The Capgemini Research Institute’s World Wealth Report 2024, published today, reveals the number of high-net-worth..

Related Articles

graph
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
The exodus from hedge funds continues with investors questioning unswayed by relatively strong performance from the alternative asset class...
Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by