Rogers International Commodities Index (RICI) Committee Adjusts Index Weightings.CHICAGO & TOKYO & LAUSANNE, Switzerland -- The Rogers International Index Committee announced today that the Rogers International Commodity Index The Roger International Commodity Index (RICI) is a commodity index developed by Jim Rogers in 1998. It represents the value of a basket of 36 commodities from 10 exchanges used in the global economy. (RICI RICI Rogers International Commodity Index (trademark of Beeland Interests, Inc.) RICI Riga Fondu Birzas Cenu Indekss (Riga Stock Exchange Price Index, Latvia) ) will be adjusted slightly from July 1st, 2005, in the percentages of agricultural commodities comprising the Index. The changes will affect the agricultural sector only with weightings being readjusted between commodities to accommodate execution factors. The new weightings are as follows: Decrease Rice weighting: from 2% to 0.5%; Barley: from 0.77% to 0.27%; Azuki Beans: from 1% to 0.5%; Wool: from 1% to 0.25%; Raw silk raw silk n. 1. Untreated silk as reeled from a cocoon. 2. Fabric or yarn made from untreated silk. : from 0.15% to 0.05%. Increased Cotton weighting: from 3.0% to 4.0%; Soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been Meal: from 0.15% to 0.75%; Sugar: from 1% to 2%; Corn: from 4 to 4.75%. Commenting on the changes, Jim Rogers For other uses, see: James Rogers (disambiguation). James Beeland Rogers, Jr. (born 19 October 1942) is a co-founder, along with George Soros, of the Quantum Fund. , Chairman of the RICI committee said, "These adjustments will not change the basic percentages in agriculture, metals, and energy. The adjustments will slightly change the weightings within the agricultural component only. For example, the decrease in wool and silk is almost exactly offset by the rise in cotton. All 3 are used for textiles and apparel so the change is not significant." Rogers created the RICI in 1997 and 1998. The RICI represents the value of a compendium (or "basket") of 35 globally traded commodities Agricultural Commodity Main Exchange Wheat CBOT Corn CBOT Soybeans CBOT Soybean Oil CBOT Soybean Meal CBOT Oats CBOT Rough Rice CBOT Cocoa NYBOT Coffee NYBOT Cotton NYBOT Sugar NYBOT Livestock & Meat employed in the global economy, ranging from agricultural products and energy products to metals and minerals. Since January 1, 2005, the Rogers International Commodity Index has increased by approximately 9.63% as of June 30, 2005. Since Rogers created the RICI on August 1, 1998, the RICI has increased by approximately 202.68 %. Currently, funds tracking the RICI on a global basis exceed $1.5 billion. Rogers has been an advocate of commodities-based investing and natural resources since late 1998. He is well known for his two books: Investment Biker bik·er n. 1. One who rides a bicycle or a motorbike. 2. A motorcyclist, especially a member of a motorcycle gang. biker Noun a person who rides a motorcycle and Adventure Capitalist, both of which detailed his trips around the world seeking economic and political truth. His latest book, Hot Commodities, was published earlier this year. |
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