MIAMI, January 9, 2012 /PRNewswire/ --
Jim Rogers and Beeland Interests, Inc. announced today the following adjustments to the Rogers International Commodity Index® (RICI®).
The RICI Committee decided to add CME Milk Class III at 0.10% Index Weight and to delete SFE Greasy Wool at (0.10% Index Weight). These adjustments will be implemented during the January 2012 roll period and re-evaluated by the RICI Committee at its next annual meeting planned for December 2012.
The RICI Committee also decided to move the settlement time from 5 p.m. New York time to 4 p.m. New York time and to move the foreign currency exchange (FX) rates fix time from 5 p.m. New York time to 2:30 p.m. New York time. These adjustments will be implemented during the January 2012 roll period.
The RICI represents the value of a compendium (or "basket") of globally traded commodities (38 commodity futures contracts) 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 2011, the RICI had increased by over 262% 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 and A Gift to My Children.
"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.
SOURCE Beeland Interests, Inc.