SocGen launches new commodity index

RIDING on increased investment interest in commodities, Societe Generale has launched a new commodity index that changes its mix of products monthly based on seasonal factors.

The Societe Generale Seasonal Factor Commodity Index, which the bank started introducing to clients a month ago, has been very well received, the bank said.

"Seasonality is one of the most powerful drivers of commodity returns," said Mark Keenan, head of commodities rese…