SINGAPORE, Jan. 22, 2021 /PRNewswire/ -- Following the
annual meeting of the Rogers International Commodity Index (RICI®)
Committee, Jim Rogers and Beeland
Interests, Inc. announce no adjustments to the weights of
components comprising the RICI, leaving the Index components and
weights unchanged since the January
2019 roll period. This outcome reaffirms the founding
premise that for the sake of transparency, consistency and
stability, composition changes to the RICI be infrequent.
Effective with the January 2021
roll period, which roll period begins at the end of January 2021, the Index will use WM/Refinitiv
Closing Spot Rates fixed at 4 p.m.
London as the FX source for
settlement levels. The Monthly Contract Weight (MCW) to be
calculated for the January 2021 roll
period also will use such rates on the MCW calculation day. TPI
will continue to be the FX source used for Index intraday
levels.
The RICI represents the value of a compendium (or "basket") of
globally traded commodities employed in the global economy (38
commodity futures contracts), 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.
A copy of the current RICI Handbook may be downloaded free of
charge at the following Internet link:
http://www.beelandinterests.com/RICI%20Handbook.html
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 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.