FYI: Commodity indexes, and the ETFs that track them, have come a long way since they were launched a few decades ago.
The very first commodity index, the CRB—also known as the Thomson Reuters/CoreCommodity CRB Index—was created in 1957 for participants in the agricultural futures markets. But commodity indexes weren’t really accessible to noncommodity investors. One of the reasons S&P took over ownership of the GSCI (first created by Goldman Sachs in 1991) in 2007 was to open commodities to institutional and retail investors, says Fiona Boal, global head of commodities at S&P Dow Jones Indices.
Regards,
Ted
https://www.etf.com/publications/etfr/state-indexes-commodity?nopaging=1
