MIAMI, Dec. 2, 2014 /PRNewswire/ -- Following the annual meeting of the RICI® Committee, Jim Rogers and Beeland Interests, Inc. announce no adjustments to the weights of components comprising the Rogers International Commodity Index® (RICI®). This outcome reaffirms the founding premise that for the sake of transparency, consistency and stability, composition changes to the RICI be infrequent.
The RICI represents the value of a compendium (or "basket") of globally traded commodities (37 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 October 2014, the RICI had increased by over 221% 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.
SOURCE Beeland Interests, Inc.