CHICAGO, LAUSANNE, TOKYO, LONDON, NEW YORK, April 6 /Xinhua-PRNewswire/ -- 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 implemented.
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.
