Strange Timing for New Commodities ETF?

In his recent Forbes column, Chartwell ETF Advisor editor Carl Delfeld asks the question, was the timing right for the introduction of the Jim Rogers advised commodities fund – Market Vectors-RVE Hard Assets Producers (HAP)?

Delfeld points out that HAP is based on the Rogers-Van Eck index which declined 11% in July. He also notes that he disagrees with Rogers’ outlook for the economy, however, recommends HAP as “a solid choice for investors looking for one ETF to cover what represents 15% of global GDP. “

Delfeld also likes the iPath Dow Jones-AIG Commodity ETN (DJP) because its exposure to oil and precious metals is limited to 20%. (Note: according to the iPath website – DJP’s holdings of Energy and Precious Metals totaled 43% as of September 4, 2008).

See the Commodities ETF directory for a complete listing.

Delfeld also comments on iShares MSCI Hong Kong (EWH) and iShares S&P Global 100 Index ETF (IOO).

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