Standard & Poor's, a division of The McGraw-Hill Companies, will acquire the market-leading Goldman Sachs Commodity Index (GSCI) and two equity index families from the Goldman Sachs Group Inc, the two companies announced today. | |
| Terms of the transaction were not disclosed. |
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| The GSCI, created in 1991, currently includes 24 commodities and is designed to provide investors with a reliable and publicly available benchmark for investment performance in the commodity markets. |
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| The clear commodity index leader, the GSCI has an estimated $60 billion in institutional investor funds tracking it, the majority of that coming through over-the-counter derivatives transactions. |
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| After a brief transition period, the index will be renamed the S&P GSCI Commodity Index. |
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| Under the terms of the agreement, Standard & Poor's will also acquire the Goldman Sachs Sector Indexes, diversified and broadly representative indexes for healthcare, financial institutions, utilities, consumer companies and cyclical industries; and, the Goldman Sachs Technology Index, a broad composite measure of US traded technology stocks and six technology sub-indexes. |
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