CHICAGO, LAUSANNE, TOKYO, LONDON, NEW YORK, April 5 /CNW/ -- The Rogers
International Index Committee announced today the following changes to the
Rogers International Commodity Index(R) (RICI(R)). These changes will be
implemented as of April 26, 2007.
To make easiest the replication of the index, a new methodology will be
Key points of the new methodology:
-- The index will roll over a period of three days from the day prior to
the last business day of the month to the first RICI(R) business day
of the following month.
-- The index is rebased towards Initial Weights during the roll period.
The Committee also decided to modify the cotton roll matrix: at the end
of May, the index will roll from the July contract to the December contract.
Rogers created the RICI(R) in 1997 and 1998. The RICI(R) represents the
value of a compendium (or "basket") of 36 globally traded commodities employed
in the global economy, ranging from agricultural products and energy products
to metals and minerals.
Since January 1, 2007, the Rogers International Commodity Index(R) has
increased by approximately 3.11% as of April 4, 2007. Since Rogers created the
RICI(R) on August 1, 1998, the RICI(R) has increased by approximately 249.75
Rogers has been an advocate of commodities-based investing and natural
resources since late 1998. He is well known for his three books: Investment
Biker, Adventure Capitalist and Hot Commodities.
For further information:
For further information: Tom Price, President of Beeland Management
Company, LLC, +1-312-264-4344, or firstname.lastname@example.org