Rogers International Commodity Index (RICI®) Committee Adjusts
Index Components
MIAMI, Jan. 8, 2013 /PRNewswire/ -- Jim Rogers and Beeland Interests, Inc. announced
today the following adjustments to the Rogers International
Commodity Index® (RICI®).
ICE Sugar will be reduced from 2.0% Index Weight to 1.0% Index
Weight, and NYSE Liffe Sugar will be added at 1.0% Index
Weight. ICE Canola (0.75% Index Weight) will be omitted and
NYSE Liffe Rapeseed will be increased from 0.25% Index Weight to
1.00% Index Weight.
In November 2012, Beeland
Interests announced that ICE Coffee (2.0% Index Weight) will be
replaced by NYSE Liffe Coffee (2% Index Weight) and that ICE Cocoa
(1.0% Index Weight) will be replaced by NYSE Liffe Cocoa (1% Index
Weight).
Each of these changes will be implemented in two phases:
50% during the January 2013 roll
period, occurring at the end of January
2013, and the remaining 50% during the February 2013 roll period, occurring at the end
of February 2013.
The changes will result in the addition of the pound sterling
(with the addition of NYSE Liffe Cocoa) and the omission of the
Canadian dollar (with the omission of ICE Canola).
The RICI represents the value of a compendium (or "basket") of
globally traded commodities (37 commodity futures contracts upon
completion of the changes described above) employed in the global
economy, ranging from agricultural and energy products to metals
and minerals. The RICI and its various sub-indexes are used
by many investment banks and investors throughout the world.
As of the end of December 2012,
the RICI had increased by over 269% since inception.
Jim Rogers, an advocate of
commodities-based investing, created the RICI in 1997 and 1998 and
is the CEO of Beeland Interests, Inc., the owner of the Index. The
RICI Committee, currently chaired by Jim
Rogers, determines the Index components and weights.
Jim Rogers also is the author of Investment Biker,
Adventure Capitalist, Hot Commodities, A Bull In China, A Gift to My Children and
Street Smarts – Adventures on the Road and in the
Markets.
"Jim Rogers", "James Beeland Rogers, Jr.", and "Rogers" are
trademarks and service marks of, and "Rogers International
Commodity Index" and "RICI" are registered trademarks and service
marks of, Beeland Interests, Inc., which is owned and controlled by
James Beeland Rogers, Jr., and are
used subject to license. The personal names and likeness of
Jim Rogers/James Beeland Rogers, Jr. are owned and licensed
by James Beeland Rogers, Jr.