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.