Saturday, November 1, 2008

Wednesday, October 29, 2008

Rogers International Commodity Index

The Rogers International Commodity Index (RICI) (Yahoo Finance ^RCT) is a composite, U.S. dollar-based, total return index created by James Beeland Rogers, Jr. (“Rogers”) on July 31, 1998. The RICI was designed to meet the need for consistent investing in a broad based international vehicle; it represents the value of a basket of commodities consumed in the global economy, ranging from agricultural to energy to metal products. The value of this basket is tracked via futures contracts on 36 different exchange-traded physical commodities, quoted in four currencies, listed on eleven exchanges in five countries.

Below is a current list of the futures contracts comprising the RICI, together with their respective symbols, exchanges, currencies and initial weightings:

Contract Exchange Currency Initial Weighting
Crude Oil NYMEX USD 21.00%
IPE Brent ICE USD 14.00%
Wheat CBOT USD 7.00%
Aluminum LME USD 4.00%
Copper LME USD 4.00%
Corn CBOT USD 4.75%
Heating Oil NYMEX USD 1.80%
IPE Gasoil ICE USD 1.20%
RBOB Gasoline NYMEX USD 3.00%
Natural Gas NYMEX USD 3.00%
Cotton NYCE USD 4.05%
Soybeans CBOT USD 3.25%
Gold COMEX USD 3.00%
Live Cattle CME USD 2.00%
Coffee CSCE USD 2.00%
Zinc LME USD 2.00%
Silver COMEX USD 2.00%
Lead LME USD 2.00%
Rice CBOT USD 0.50%
Soybean Oil CBOT USD 2.00%
Platinum COMEX USD 1.80%
Lean Hogs CME USD 1.00%
Sugar CSCE USD 2.00%
Azuki Beans TGE JPY 0.25%
Cocoa CSCE USD 1.00%
Nickel LME USD 1.00%
Tin LME USD 1.00%
Greasy Wool SFE AUS 0.25%
Rubber TOCOM JPY 1.00%
Lumber CME USD 1.00%
Barley WCE CAD 0.27%
Canola WCE CAD 0.67%
Orange Juice NYCE USD 0.66%
Oats CBOT USD 0.50%
Palladium COMEX USD 0.30%
Soybean Meal CBOT USD 0.75%

How to invest in RICI? Can it be invested in Mutual Fund?

Sunday, October 26, 2008