Nasdaq OMX and risk analytics developer Axioma have launched a family of indexes that will give investors exposure to commodity spot prices, through the use of stocks.

The Nasdaq Axioma-Equity indexes will come in two styles, price and total return. The price return index follows a calculation of the rate of return of the underlying portfolios, taking into account only the capital appreciation of the portfolio, ignoring the income generated, such as dividends. In comparison, the total return index reinvests cash dividends on the date on which, or after, the securities trade without their previously declared dividends or distributions. The indexes will track commodities for crude oil, gold as well as a basket of spot agriculture prices. 

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