The RICI Committee decided to delete TGE Azuki Beans (0.15% Index Weight) and to increase the Index Weight of CBOT Soybeans from 3.35 to 3.5%. These are the adjustments to the Rogers International Commodity Index® (RICI®) announced today by Jim Rogers and Beeland Interests, Inc.
These adjustments will be implemented during the June 2012 roll period, which roll period occurs at the end of June 2012, and will be re-evaluated by the RICI Committee at its next annual meeting planned for December 2012.
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 which was launched with real money on August 1, 1998. The RICI Committee, currently chaired by Jim Rogers, determines the Index components and weights.
The RICI represents the value of a compendium (or "basket") of globally traded commodities (37 commodity futures contracts, upon implementation of these changes) 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 May 2012, the RICI had increased by over 235% since inception.
Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator and successful international investor. He has been frequently featured in Time, The Washington Post, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times, and most publications dealing with the economy or finance.
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