What index does E Fund track?
The index tracked by E Fund is S&P Goldman Sachs Crude Oil Commodity Index. Goldman Sachs crude oil commodity index belongs to Goldman Sachs Commodity Index (GSCI), which is the largest commodity index tracking funds in the international market at present. The Goldman Sachs Commodity Index gives weight to each index component according to the global commodity output, and then compiles the index. Its main feature is that it gives a high weight to energy, and the energy industry accounts for 75% of the index.
At present, Goldman Sachs Commodity Index (GSCI) includes 24 commodities: 6 energy products, 5 industrial metals, 8 agricultural products, 3 livestock products and 2 precious metals, and the weight of each commodity is adjusted once a year.
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