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.