Bank of America Merrill Lynch Announces 2013 Composition and Weights for the Merrill Lynch Commodity Index eXtra(SM)
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20121221:nBw215098a http://www.businesswire.com/news/home/20121221005098/en LONDON--(Business Wire)-- Bank of America Merrill Lynch today announced the 2013 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. Based on these rules, the MLCX will include Brent crude oil and remove WTI crude oil for 2013. No other commodities have been added or removed. The commodity weights, which are determined by the Bank of America Merrill Lynch Commodities group pursuant to the MLCX Handbook, are listed below: Commodity 2012 2013 Change Brent 0.00% 34.19% 34.19% Gasoil 12.61% 12.38% (0.23)% Gasoline (RBOB) 12.19% 11.83% (0.36)% Corn 5.57% 6.15% 0.57% Wheat 5.86% 5.37% (0.49)% Copper 5.28% 5.10% (0.17)% Gold 3.50% 4.39% 0.89% Soybean 2.99% 3.34% 0.35% Aluminium 3.05% 2.87% (0.18)% Sugar 2.95% 2.81% (0.15)% Live Cattle 1.96% 1.99% 0.03% Cotton 2.45% 1.65% (0.80)% Natural Gas 2.58% 1.60% (0.98)% Soybean Oil 1.42% 1.51% 0.09% Coffee 1.28% 1.29% 0.01% Lean Hogs 1.04% 1.01% (0.03)% Nickel 1.13% 0.92% (0.21)% Zinc 0.87% 0.81% (0.06)% Silver 0.66% 0.79% 0.13% Crude Oil (WTI) 32.63% 0.00% (32.63)% Sector 2012 2013 Target Change Energy 60.00% 60.00% 0.00% Grains 15.85% 16.37% 0.53% Base metals 10.32% 9.70% (0.61)% Softs 6.67% 5.74% (0.93)% Precious metals 4.16% 5.18% 1.02% Livestock 3.00% 3.00% 0.00% Calculations by BofA Merrill Lynch Global Commodity Research Group; due to rounding, the change may not be equal to the difference between the figures shown. Bank of America Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 55 million consumer and small business relationships with approximately 5,500 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and member of FINRA and SIPC, and, in other jurisdictions, a locally registered entity. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed. Copyright 2012 Bank of America Corporation. All rights reserved. Bank of America, Merrill Lynch, Broadcort and their logos are trademarks of Bank of America Corporation and/or its affiliates. Visit the Bank of America newsroom for more Bank of America news. www.bankofamerica.com Reporters May Contact: Alexandra Parry, Bank of America Merrill Lynch, +188.8.131.526.0304 email@example.com Zia R. Ahmed, Bank of America Merrill Lynch, 1.646.855.3299 firstname.lastname@example.org Copyright Business Wire 2012
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