The Rogers International Commodity Index (RICI) is a widely diversified index that tracks the performance of a broad range of commodities, including energy, metals, agriculture, and livestock. It is designed to provide investors with a single investment vehicle that offers exposure to the global commodity markets.
The RICI was developed by Jim Rogers, a renowned investor and author. Rogers believes that commodities are an essential asset class for investors, as they offer diversification benefits and can help to hedge against inflation. The RICI is designed to track the performance of the commodities that Rogers believes are most important for the global economy.