Jodie Gunzberg

Managing Director, Head of U.S. Equities
S&P Dow Jones Indices
Biography

Jodie M. Gunzberg is Head of U.S. Equities at S&P Dow Jones Indices (S&P DJI). She is responsible for the product management of S&P DJI’s U.S. Equity indices, including the S&P 500® and The Dow®, the most followed equity indices in the world. Jodie is the chief spokesperson and product strategist for these indices, educating the market about their benefits and risks, and she sources market feedback to manage continued product development for growth opportunities. Jodie also oversees certain indices relevant to retirees, including the S&P Target Date and S&P STRIDE index series.

Jodie joined S&P DJI in 2010 as Director of Commodities product management. Prior to that, she spent several years in investment consulting at Ibbotson and Morningstar, and was the chief investment strategist for Marco Consulting, where she advised roughly 350 Taft-Hartley plans with USD 85 billion in assets. Jodie started her career as an actuarial associate at New York Life Insurance Company and subsequently worked as a quantitative analyst and portfolio manager on the buy-side. She managed real estate at Equity Office Properties, fixed income at ABN AMRO Asset Management, and equities and hedge funds at Driehaus Capital Management and Aragon Global. 

Jodie is a CFA charterholder, as well as a member and curriculum consultant of the CFA Institute. She is also a former member of the Board of Directors for NYSSA and CFA Chicago. Jodie currently serves on the Advisory Board for the Department of Finance of Hofstra University and the Editorial Advisory Board for J.P. Morgan Center for Commodities at the University of Colorado. She received her MBA from the University of Chicago, Booth School of Business, and earned a B.S. in Mathematics from Emory University.

Author Archives: Jodie Gunzberg

Risky Assets, Safe Havens, or Lost Identities?

All commodities in the S&P GSCI and the DJ-UBS CI crashed on June 20, 2013, losing 3.1% and 3.0%, respectively, after the Fed declared the U.S. economy was expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.  This is generally bad news for commodities since historically Read more […]

Who’s complaining, who’s speculating, who’s hedging and who’s to blame?

JOIN US FOR OUR 7TH ANNUAL COMMODITIES SEMINAR! Managing Commodities in Modern Times: Hard-Won Lessons After 160 Years of Trial & Error S&P Dow Jones Indices invites you to this half-day complimentary seminar which has become Europe’s annual meeting point for commodity aficionados for close to a decade. Join us and other leading industry professionals Read more […]

CPI Rises in May: How much inflation protection have commodities provided?

After two months of deflation, headline CPI (Consumer Price Index) gained 0.1% in May, marking its second positive reading in at least the past seven months. Over the past 12 months, CPI inflation is up 1.4%, accelerating from April’s 1.1% reading. http://www.bls.gov/news.release/cpi.nr0.htm Historically, commodities as an asset class have had positive correlation to inflation. In the Read more […]

S&P GSCI Precious Metals Hits Lowest Since October 2010

On April 15, 2013 the S&P GSCI Precious Metals dropped 9.6% in one day, entering a bear market from the 2013 high occurring on January 23. Since then, the index has fallen further to hit its lowest level of 1733.52 since October 1, 2010 when it was at 1717.53.  The precious metals index is down 20.1% YTD, and Read more […]

A safer bet?

http://www.pensionsage.com/pa/a-safer-bet.php Read the article in PensionsAge by Peter Carvill, looking at the shifting commodities landscape. In recent decades, investment by pension funds into commodities has been seen as something approaching what may be described as a way to counter-balance the risks from traditional stocks and bonds. As The Role of Commodities in an Institutional Portfolio states: Read more […]

Gold’s Crash Outshines the Need for Heat

Year-to-Date S&P GSCI is off 6.81% S&P GSCI Gold had its biggest one day loss ever,-9.3%, on April 15, 2013, since its inception on Jan 6, 1978, and hit its lowest level since Feb 2, 2011. The decline was due to worries about central bank sales, especially from Cyprus, but also, from the Fed winding Read more […]

Gold No Longer Worth Its Weight

Year-to-Date Dow Jones-UBS Commodity Index is off 5.41% Gold, the commodity with the heaviest 2013 target weight in the DJ-UBS CI, no longer is the most heavily weighted commodity in the index, falling from 10.8% to 9.5% since the beginning of the year. The DJ-UBS CI Natural Gas Subindex, the best performer YTD, has now Read more […]

Follow the Small Green Footprints (of Natural Gas) to Find the Fortune Year-to-Date DJ-UBS CI is off 0.58%

The DJ-UBS CI Energy Subindex is the best performing sector in the index, up 2.2% this week contributing to a 3.2% MTD return and 4.0% YTD return.  Although the International Energy Agency’s (IEA) projection of 820 kb/d annual growth in global oil demand for 2013 is less than the 1.4 mb/d growth average for non-recessionary Read more […]

A Pot of Cotton at the End of the Rainbow Year-to-Date S&P GSCI is off 0.19%

The S&P GSCI Agriculture is the best performing sector MTD, up 1.3%.  This is mainly due to the S&P GSCI Cotton, which gained 5.0% this week, bringing its YTD return up to 19.5%. It is the best performing commodity in the index this year, mainly driven by solid mill buying and U.S. exports. The U.S. Read more […]