Goldman Sachs has sold its market-leading GSCI commodity index to specialist index provider Standard & Poor's for an undisclosed sum. It will become known as the S&P GSCI commodity index.

The GSCI, which consists of a basket of 24 commodity futures and has a higher weighting to energy and metals than others, has $60bn (€46.2bn) in institutional funds tracking it.

Goldman Sachs sells out of commodities index business

Mark Cobley

Goldman Sachs

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