Why choose commodity indices?
Our commodity indices track baskets of commodities to reflect price movements and are recognized as a major barometer of commodity prices and markets.
Designed to provide exposure to the global commodities industry, all indices have a strong connection to the Commodity Research Bureau (CRB®) name, and many are tracked by Exchange Traded Funds and other derivatives.
Refinitiv/CoreCommodity CRB Indices are administered by Refinitiv Benchmark Services Limited (RBSL), authorized as a Benchmark Administrator under EU BMR.
Notice of ESMA Benchmark Administrator Register change due to expiration of Brexit transition period
Since authorisation in 2018, RBSL has been listed on the ESMA Register for benchmark administrators. Following ESMA's public statement on 1 October 2020, at the end of the Brexit transition period (currently 31 December 2020), UK benchmark administrators (including RBSL) will be removed from the ESMA register and will become third country administrators under the EU Benchmark Regulation (‘EU BMR’).
However, EU BMR provided a third-country transition period during which third country administrators (including RBSL) can continue providing benchmarks (including all RBSL benchmarks) for use by EU supervised entities. The transition period is until 31 December 2021 and is currently being extended until 31 December 2023. Third country administrators will have until the end of this transition period to gain permission under EU BMR using one of three pathways, specifically the UK BMR is granted ‘equivalence’, RBSL is granted ‘recognition’ as administrator, or RBSL’s benchmarks are granted ‘endorsement’.
The transition period will enable RBSL to execute its Brexit strategy and ensure regulatory permission is gained under EU BMR before the end of the period.
This does not affect RBSL’s authorisation with the UK FCA as a UK benchmark administrator, and RBSL will continue to appear on the UK FCA Register. Following the FCA's public statement on 1 December 2020, at the end for the Brexit transition period (currently 31 December 2020), UK benchmark administrators (including RBSL) will be listed on the FCA’s new UK Benchmarks Register.
Features & benefits
What you get with commodity indices
Recognized as a major barometer of commodity prices and markets.
Our Equal Weight Commodity Index is the CRB index in its original equal weight form from 1957.
All of our indices adhere to the IOSCO principles for financial benchmarks.
The Refinitiv CoreCommodity CRB index will be compliant with the European Benchmark Regulation as of 1 January 2020.
How it works
Commodity indices in more detail
Refinitiv / CoreCommodity – CRB® Index
(Administered by RBSL)
A basket of 19 commodities, including energy contracts, agriculture, precious metals, and industrial metals, the Index acts as a representative indicator of commodity markets.
Refinitiv / CoreCommodity CRB® Non-Energy Index
Commodity indices with a higher exposure to agricultural commodities and metals. Crude oil, heating oil, natural gas, and RBOB gasoline are removed from the standard index.
Refinitiv / Core Commodity CRB® Non-Agriculture and Livestock Index
This index provides enhanced exposure to metals and energy (excluding agriculture and livestock).
Refinitiv CRB® Commodity Equity Indices
Provides exposure to commodity related companies, with specific breakdowns such as agriculture, energy, and industrial metals, and comparable exposure to commodity prices.
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