Attention, fans of Jim Rogers, the veteran commodity investor and self-proclaimed "adventure capitalist": Van Eck has a new ETF that tracks an index created by the man himself. The Rogers-Van Eck Hard Assets Producers Index includes roughly 320 companies in 40 countries and covers such sectors asenergy, agriculture, base metals, precious metals, forest products, and water and renewable energy. The fund's name is Market Vectors-RVE Hard Assets Producers (symbol HAP).
But commodities have been crushed lately, points out "Random Roger" Nusbaum:
The simple fact that the resource space is down recently doesn't make HAP a good fund or a bad fund. Nor is the timing of the introduction of the fund good or bad. HAP is simply a new way to access this part of the materials space.