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近三十年来,全球商品指数领域发展迅速,这主要体现在两个方面,一是商品指数期货的推出,二是商品指数基金的兴起。指数期货方面,1986年,CRB商品指数期货合约在美国上市交易,随后数年间,道琼斯商品指数(DJ-UBSCI)期货、伦敦有色金属指数(LMEX)期货等也纷纷上市。指数基金方面,70年代,美国出现能源危机和经济滞胀现象,通货膨胀问题严重,催生了一波大宗商品投资热潮,各类机构纷
In recent thirty years, the global commodity index has been developing rapidly. This is mainly reflected in two aspects. One is the introduction of commodity index futures and the other is the rise of commodity index funds. In terms of index futures, the CRB Commodity Index futures contracts were traded in the United States in 1986, and the DJ-UBSCI futures and London’s Non-Ferrous Metals Indexes (LMEX) futures also went public in the following years. In the index funds, in the 1970s, the United States experienced an energy crisis and economic stagnation. The problem of inflation was grave. This has given rise to a wave of commodities boom. Various types of institutional investors