DBank of America Merrill Lynch today announced the 2015 composition and weights for the Merrill Lynch Commodity index eXtraSM(MLCX). The MLCX is designed to provide a liquid, consistent, representative and cost-efficient benchmark for commodity market performance and for investment in commodities as an asset class. The MLCX contains the following six market sectors: Energy, Base Metals, Precious Metals, Grains & Oil Seeds, Livestock, and Soft Commodities & Others.
Bank of America Merrill Lynch constructs the MLCX based on the liquidity of the constituent futures contracts and the value of the global production of each underlying commodity. The MLCX also seeks to avoid redundant contracts and includes only the most liquid contract per commodity, which is determined by volume and price.
Bank of America Merrill Lynch Announces 2015 Composition and Weights for the Merrill Lynch Commodity Index eXtra℠ | Bank of America Newsroom
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