Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 December 15, 2015 - 7:00 PM EST
Print Email Article Font Down Font Up
Rogers International Commodity Index® (RICI®) Composition Unchanged

MIAMI, Dec. 16, 2015 /PRNewswire/ -- Following the annual meeting of the Rogers International Commodity Index® (RICI®) Committee, Jim Rogers and Beeland Interests, Inc. announce no adjustments to the weights of components comprising the RICI.  This outcome reaffirms the founding premise that for the sake of transparency, consistency and stability, composition changes to the RICI be infrequent.

Effective with the December 2015 roll period, which will occur at the end of December 2015, and to avoid the expiration of included ICE Brent futures contracts during a RICI roll period, the RICI Committee has revised the ICE Brent futures contract roll matrix for the RICI as follows:

J           K          M         N          Q          U          V          X          Z          F          G          H

Prior to the above revision, the ICE Brent futures contract's roll matrix for the RICI has been:

H          J           K          M         N          Q          U          V          X          Z          F          G

During the December 2015 roll period, the RICI will roll out of the ICE Brent February (G) 2016 delivery contract and will roll into the April (J) 2016 delivery contract. 

The revisions are necessitated by the ICE Brent contract specification's revision of contract expiration dates commencing with the March 2016 delivery contract.

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.

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: PR Newswire (December 15, 2015 - 7:00 PM EST)

News by QuoteMedia
www.quotemedia.com