This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Van Eck Launches Hard Assets ETF

Van Eck Global this week launched the Market Vectors Hard Asset Producers ETF (HAP) which is based on an index the New York asset manager created with help from international investor Jim Rogers.

Over the last month or so anything having to do with hard assets, the commodities themselves and the companies that mine or produce them, have been crushed. This part of the market has undergone an extreme dislocation that may not have finished playing out yet.

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.

The ETF may be better or worse than other materials funds but the fact the group is down has no bearing on the utility of the fund. Anyone who believes in maintaining a diversified portfolio has some exposure to the space. And the fund does make a good first impression.

The methodology of the fund is unique. The fund weights its subsectors (energy 40.3%, agriculture 30.5%, industrial metals 13.3%, precious metals 7.5%, paper and forest 4.3%, and alternatives 4.1%) by how much of each is consumed. By the funds research, 40 cents of every dollar spent on natural resources is spent on energy.

The fund invests the most in the U.S. at 39.2%, with Canada at 14.8%. It also has exposure to many other countries like Brazil, Russia, Norway, Malaysia, South Africa and Japan.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
MON $118.46 0.00%
POT $33.35 0.00%
XOM $86.97 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs