Jim Rogers and Beeland Interests, Inc. announced today the following adjustments to the Rogers International Commodity Index (RICI).
The RICI Committee decided to reduce the weight of Wheat (CBOT) from 6% to 4.75% and to increase the weight of Rice (CBOT) from 0.50% to 0.75%. In addition, the RICI Committee decided to add Milling Wheat (NYSE Liffe) as a new component to the RICI at the weight of 1%. These adjustments will be implemented during the January 2011 roll period and re-evaluated by the RICI Committee at its next annual meeting in December 2011.
The RICI represents the value of a compendium (or "basket") of globally traded commodities (38 commodity futures upon effecting these adjustments) 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 November 2010, the RICI had increased by over 250% since inception.
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
