“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.”
Whats included in the new index?
“His new index is a global one made up of 39 countries, meant to truly capture the global commodities boom, because countries such as the United States and Canada aren’t the only major producers. The United States is 35.8% of the fund and Canada is 12%. Britain is 5.9%, Russia is 5.1%, China is 4.8% and Brazil is 4.1%. Another 33 countries make up the remaining 32%”
Why a new ETF?
“The inspiration for the index came from conversations Rogers continually was having with people who would tell him they couldn’t bring themselves to invest in commodities.”
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31. December 2008 at 5:11 am
The ETF symbol is HAP.
31. December 2008 at 2:06 pm
Thanks Mike, the post has been updated.
31. December 2008 at 7:04 pm
The symbol is not HAP. http://rve.snetglobalindexes.com/ the symbol is RVEI as you can see from this link I’ve listed.
1. January 2009 at 2:31 am
The symbol for the ETF is HAP.
1. January 2009 at 10:00 pm
I was able to find HAP listed with yahoo.com Finance (or fool.com), but not RVEI or related indexes (RVEE, RVEM, etc.)…
is there a reason for this?
I am a bit confused and help would be appreciated, as i am trying to research Mr. Roger’s specific fund and did not find reference to it (HAP) at the Rogers – Van Eck Indexes web site (http://rve.snetglobalindexes.com/)
also, do these funds pay a dividend?
thank you.
BigMarc
2. January 2009 at 1:32 am
It’s a new fund. I listed the url with the link to the Van Eck site in a previous post after doing some research myself. I think HAP is just a similar sounding found of no relevance to Jim Rogers. I’m not sure this new Van Eck Jim Rogers fund is taking funds yet even…. I know for a fact that Jim Rogers puts money into RJA and I’m sure into RJI and RJN as well. Those are commodity based ETNs. As you know Jim R. is really into Agriculture and I know he puts money a sum of money into RJA. I put a chunk into RJA myself and will put into RJI and RJN as well. Hope that helps ….. — James B.
2. January 2009 at 1:34 am
oh and I will put money into this new ETF when it’s available. It doesn’t in fact appear available yet. I checked Fidelity’s website as well.
2. January 2009 at 1:45 am
HAP is the ETF based on RVEI. By the way – Rogers does not invest in the ETN’s – the ETNs are relatively newly-created exchange traded mechanisms to purchase these indices. The Rogers Raw Materials Index had been listed thru Merrill Lynch TRAKRs as well as on the Chicago Mercantile Exchange. UBS and ABN-Amro also have products linked to the indices.
2. January 2009 at 1:46 am
http://www.vaneck.com/index.cfm?cat=3192&cGroup=ETF&tkr=HAP&LN=3-02
2. January 2009 at 1:47 am
That is incorrect I have emailed Jim Rogers and he said he puts money in RJA. As to the veracity of HAP, I would not put my money there.
2. January 2009 at 1:57 am
actually this is a quote from Motley Fool http://www.fool.com/investing/etf/2008/10/21/commodity-investing-the-jim-rogers-way.aspx
So HAP is based on an INDEX Jim Rogers helped to construct. But HAP is not actually connected to Jim Rogers whereas this new ETF is. That’s my take on it. So HAP is probably ok too…. but I’m going with What Jim Rogers has blessed with his trademark so will wait for the new ETF.
Here’s the quote from Motley Fool:
When economies get into trouble, many investors seek the relative safety of hard assets. Following the late-summer launch of the Market Vectors RVE Hard Assets Producers ETF (AMEX: HAP), investors now have access to a broad basket of commodity-related equities tracking a benchmark index which commodity expert Jim Rogers himself helped to construct.
Always in pursuit of truth and learning,
Cheers,
James B.
3. January 2009 at 3:42 am
thanks Jim and Mike for taking the time. I would definitely feel more comfortable with a fund that Jim Rogers is attached to. It’s tough to know who/what to believe these days, so that wouldnt hurt. It looks like the RVEI and related funds are not yet available — I will keep my eye on it.
Thanks for the info on the RJx funds — those look interesting.. here is a good write up on those who care regarding RJA and other agro funds: http://seekingalpha.com/article/64802-which-of-the-6-agriculture-etfs-is-best
BigMarc
3. January 2009 at 8:27 pm
Seems like HAP is a mirror ETF of the RVEI. From Google Finance
“Market Vectors-RVE Hard Asset Producers ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of The Rogers-Van Eck Hard Assets Producers Index (RVEI)”
4. January 2009 at 2:11 am
HAP is probably fine I just like to know Jim R. trusts the men taking our money. You have to be able to trust the managers of these funds. Hearing about Maddof you get nervous.
6. September 2009 at 11:37 am
Jim Rogers is bearish on the US dollar, he says he has sold all of his off
Yet, if he has invested in the RJI, RJA and RJN funds then are these not US dollar denominated?
Surely that goes against his thesis?
What about investing in ETF’s listed on the Swiss (CHF) or Singapore (SGD) exchanges – they are surely more stable currencies than the US dollar and if it does devalue then surely any gain made by the index would be lost in conversion rates (from the UK here)
thoughts anyone?
Cheers
6. September 2009 at 2:44 pm
If oil is listed in USD and the dollar goes down, then oil goes up. If the dollar goes down it does not bring down the price of oil or RJN or RJI. It is an inflation hedge actually. If the dollar declines by 50% RJI will be worth 50% more in your account.
Every day the dollar drops since march of this year my commodity stocks go up. It helps me sleep at night. You will be holding hard assets that happen to be listed in USD, but trust me if the dollar goes to zero your oil holdings will be worth the same in real terms. I’ve been watching this for a long time. It is definitely true.
23. November 2009 at 3:04 am
You always pass failure on the way to success.