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The
Rogers International Commodity Index (RICI) was developed by
Jim Rogers to be a balanced, representative, international raw
materials index.
The RICI inludes most of the publicly
traded raw materials used in international commerce for which
futures contracts or forward contracts are regularly traded
in recognized markets. The Rogers International Commodity index
represents the value of a compedium (or "basket")
of commodities employed in the global economy, ranging from
agricultural products (such as wheat, corn and cotton) and energy
products (including crude oil, gasoline and natural gas) to
metals and minerals (including gold, silver, aluminium and lead).
Since July 31st 1998 there have been thirty five different contracts
represented in the index.
The RICI was designed to meet the need
for consistent investing in a broad-based international vehicule
and reflect the needs of expanding world trade. Thirty five
commodities are represented in the RICI. This gives it breadth
just as the S&P500 is broader then the Dow Jones Industrials.
International commodities are represented, whereas most other
indices are regional or US-orientated. For example, other indices
exclude rice, the staple food of a large percentage of the world.
All commodities in the RICI are publicly traded on recognized
exchanges to ensure ease of tracking and verification. The RICI
does not include items such as hides or tallow, which are included
in other popular indices. |
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DIAPASON
COMMODITIES MANAGEMENT SA
Lausanne - London |
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