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ETFS Short Ex-Energy DJ-AIGCISM (SNEY)
Investment objective
ETFS Short Ex-Energy DJ-AIGCISM (SNEY) is designed to change each day by minus one times (-1x) the daily percentage change in the DJ-AIG Ex-Energy Sub-IndexSM (before fees and adjustments). Therefore if the DJ-AIG Ex-Energy Sub-IndexSM falls (or rises) by 1% in one day, then ETFS Short Ex-Energy DJ-AIGCISM will rise (or fall) by 1%. In addition, an interest component is added each day to give a total return investment.
Suitability
ETFS Short and Leveraged Commodity Securities are only suitable for sophisticated investors who understand shorting and leveraged techniques and investment strategies. Please see the Prospectus for a full explanation of how ETFS Short and Leveraged Commodity Securities work and for an explanation of the risks associated with ETFS Short and Leveraged Commodity Securities.
Daily security data
 Click here for information on how NAV is determined
Click here to view the latest LSE trading and price performance
Key facts
| Inception date |
February '08 |
| Management fee |
0.98% p.a. |
| Currency |
USD |
| Minimum investment |
One security |
| Type of security |
Secured, undated, zero-coupon note |
| Taxes |
No stamp duty or SDRT |
| Index |
DJ-AIG Ex-Energy Sub-IndexSM |
Trading information
| Exchange |
London Stock Exchange |
| Exchange code |
SNEY |
| Bloomberg code |
SNEY LN < Equity > |
| Reuters code |
SNEY.L |
| SEDOL |
B24DKX1 |
| ISIN |
JE00B24DKX12 |
Allocation
* These are the weights AIG-FP used to rebalance their indices in January 2008. The effective weight of each commodity changes over time with price changes.
1) The NAV (Net Asset value or Price) of each Short Commodity Security is generally calculated in the following way: NAV (as at the last business day) x {1 + Capital Adjustment + [(-1) x the underlying index return]}, except in some cases specific extended formula will apply, such as Market Disruption, and the NAVs shown will be an indicative NAV. Please refer to the prospectus for more details of the methodology.
More details can be obtained on the detailed pricing page for ETFS Short Commodity Securities.
Each DJ-AIG Commodity Index is available on the following website: www.djindexes.com/mdsidx/?event=showAigHome
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