What is an index speculator?
An index speculator is a financial player, such as a corporate or government pension fund, sovereign wealth fund, university endowments or other investor, that buys (invests in) the 25 commodities that compose the Standard & Poor’s-Goldman Sachs Commodity Index (S&P GSCI) and/or the Dow Jones-AIG Commodity Index (DJAIG). The value of the index depends on how well the commodities being “tracked” by the index perform in the futures markets.
