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S&P Unveils Alt. Investment Indicator
According to an S&P announcement, the S&P DTI will be made up of long and short positions in 24 financial and commodity futures and should be uncorrelated to traditional bond and equity returns.
Standard & Poor’s said it will calculate and publish daily values of the S&P DTI, while the Dallas-based financial services company and the original developer of the concept, Alpha Financial Technologies LLC (AFT), will market it to buy-side firms and other product developers.
Standard & Poor’s expects to launch the S&P DTI in the first quarter of 2003 and daily values will be available publicly .