Last checked at 9 Jan 2017 11:08
ETFS Commodity Securities Limited
9 January 2017
Rebalancing of Index Securities
The annual rebalancing of the Bloomberg Commodity Index and Bloomberg Commodity Index 3 Month Forward will commence this week. Consequently, each of the twenty-eight categories of Index Securities (comprising eighteen categories of Classic Index Securities and ten categories of Longer Dated Index Securities) issued by ETFS Commodity Securities Limited (the "Issuer") will also be rebalanced. As explained in the Prospectus, this will be done by adjusting the number of Micro Securities comprised in each Index Security.
The rebalancing itself will not change the value of any Index Security and no action is required on the part of Security Holders. The rebalancing does not affect the forty-six classes of Individual Securities (comprising twenty-seven classes of Classic Individual Securities and twenty-three classes of Longer Dated Individual Securities).
The timetable for the rebalancing of the Index Securities is as follows:
Monday 9 January 2017
The target number of Micro Securities to be increased/decreased for each commodity in each Index Security will be determined using Friday's settlement prices.
Tuesday 10 January 2017, Wednesday 11 January 2017, Thursday 12 January 2017, Friday 13 January 2017, Monday 16 January 2017
At the beginning of each of these days, the number of Micro Securities will be adjusted, based on the targeted changes and the actual previous day's closing prices, and the updated number of Micro Securities for each class of Index Security in issue will be available prior to trading commencing on the Issuer's website at
http://www.etfsecurities.com/institutional/uk/en-gb/pricing-etfs-commodity-securities-limited-(classic).aspx
and
http://www.etfsecurities.com/institutional/uk/en-gb/pricing-etfs-commodity-securities-limited-(longer-dated).aspx
Monday 16 January 2017
The final number of Micro Securities in each Index Security following the rebalancing will be announced prior to the opening of trading. (Note, however, if there is a Market Disruption Event for a commodity on Friday, 13 January 2017 then the final number of Micro Securities for any Index Security containing that commodity will not be determined until the next Business Day which is not a Market Disruption Day).
The table below shows (i) the existing weighting of each commodity for the Classic Securities and the Longer Dated Securities, as measured by the effective weight at current commodity prices in the ETFS All Commodities Index Security (for the Classic Securities) or the ETFS Longer Dated All Commodities Index Security (for the Longer Dated Securities), and (ii) the targeted new weighting of each commodity for the Classic Securities and the Longer Dated Securities, based on the Commodity Index Percentage to be used in the rebalancing of Bloomberg Commodity Index (Classic Securities) or Bloomberg Commodity Index 3 Month Forward (Longer Dated Securities).
http://www.rns-pdf.londonstockexchange.com/rns/6588T_1-2017-1-9.pdf
For further information, please contact
Richard Parker,
R&H Fund Services (Jersey) Limited
Tel: +44 (0) 1534 825200
Fax: +44 (0) 1534 825335
E-mail address: richard.parker@rhfsl.com