Investing legend Jim Rogers has put together a new index targeting commodity producers, which will soon underly an exchange traded fund (ETF).
The Rogers Van Eck Hard Assets Producers Index (RVEI) gives investors a chance to ride the commodities bull by accessing a universe of producers from all over the world. Most of the index’s components are producers of raw materials for agriculture, alternative energy, base and industrial metals, energy, forest products and precious metals.
“From what I can see, there is not another index like it,” he told us. “There are no indexes that are specifically targeted at stocks that are major producers of commodities.” The others, he says, are primarily made up of American and Australian companies....MUCH MORE
Thursday, July 10, 2008
Jim Rogers Creates Commodities Index for ETF; Sounds Off on Economy
From ETF Trends: