SINGAPORE, Jan. 22, 2021 /PRNewswire/ — Following the annual assembly of the Rogers Worldwide Commodity Index (RICI®) Committee, Jim Rogers and Beeland Pursuits, Inc. announce no changes to the weights of parts comprising the RICI, leaving the Index parts and weights unchanged for the reason that January 2019 roll interval. This final result reaffirms the founding premise that for the sake of transparency, consistency and stability, composition adjustments to the RICI be rare.
Efficient with the January 2021 roll interval, which roll interval begins on the finish of January 2021, the Index will use WM/Refinitiv Closing Spot Charges mounted at 4 p.m. London because the FX supply for settlement ranges. The Month-to-month Contract Weight (MCW) to be calculated for the January 2021 roll interval additionally will use such charges on the MCW calculation day. TPI will proceed to be the FX supply used for Index intraday ranges.
The RICI represents the worth of a compendium (or “basket”) of worldwide traded commodities employed within the world economic system (38 commodity futures contracts), starting from agricultural and vitality merchandise to metals and minerals. The RICI and its numerous sub-indexes are utilized by many funding banks and buyers all through the world.
A duplicate of the present RICI Handbook could also be downloaded freed from cost on the following Web hyperlink: http://www.beelandinterests.com/RICI%20Handbook.html
Jim Rogers, an advocate of commodities-based investing, created the RICI in 1997 and 1998 and is the CEO of Beeland Pursuits, Inc., the proprietor of the Index. The RICI Committee, at the moment chaired by Jim Rogers, determines the Index parts and weights. Jim Rogers is also the creator of Funding Biker, Journey Capitalist, Scorching Commodities, A Bull In China, A Reward to My Kids and Road Smarts – Adventures on the Highway and within the Markets.
“Jim Rogers“, “James Beeland Rogers, Jr.“, and “Rogers” are emblems and repair marks of, and “Rogers Worldwide Commodity Index” and “RICI” are registered emblems and repair marks of, Beeland Pursuits, Inc., that are used topic to license. The private names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr.
SOURCE Beeland Pursuits, Inc.