RJ-CRB Commodities Index delisted

Intercontinental Exchange announced that ICE Futures US (formerly NYBOT) will cease listing any new expiration months in the RJ-CRB Index and Continuous Commodity Index (“CCI”) Futures Contracts, and is delisting all expiration months in RJ-CRB Index Futures Contracts as of the open of business on September 26, 2012.

Reasons given in their submission to the Commodity Futures Trading Commission were “…..the low volume transacted year to date, as well as historically, which evinced a lack of trader interest in the products.”

Available alternatives are:

• US Commodity Index Fund which tracks the SummerHaven Dynamic Commodity Index Total Return℠;
• S&P World Commodity Index ($SWSP); and
• Dow Jones/UBS (formerly “DJ-AIG”) Commodity Index ($DUBS).

Of the three I prefer $DUBS, though $USCI is also a fairly close match.

Colin Twiggs

Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.

Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.

Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.

Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.