Investor quits FCOJThis article was originally published in Foodnews
AN INDEX fund that held about 8% of the FCOJ futures market has liquidated its positions. The USD480 million GreenHaven Continuous Commodity Index Fund (GCC) has blamed a lack of liquidity in the market. Meanwhile, Thomson Reuters has tweaked the Exchange Traded Fund’s (ETF) tracking index by adding CME Soybean Oil and removing ICE FCOJ. The 17 commodity components of the Thomson Reuters index are continuously rebalanced to maintain the equal weight of 5.88%.