S&P releases UCITS compliant version of GSCI Index

Standard & Poor's has released the S&P GSCI UCITS Index, offering a UCITS-compliant version which caps sector weights at 35% on an annual basis. UCITS-compliant funds can be freely marketed to the public in all 30 of the countries in the European Economic Area. The UCITS III directive, which was implemented in 2002, applies to funds marketed to retail investors, such as ETFs. S&P director of commodity indices Michael McGlone says: "There has been more client demand for products which are UCITS compliant. By making the index UCITS compliant, we have opened up a larger space for i...