RJA (ELEMENTS Rogers International Agriculture ETN) follows the Rogers International Commodity Index-Agricultures Total Return which is an index of 20 agricultural commodity futures contracts and is a sub-index of the Rogers International Commodity Index. The fund was launched in October 2007. The expense ratio is .75%. AUM equal $53 million and average trading volume is less than 700K shares. As of mid-August 2011 the YTD return was -4.38%.

JO (Barclays iPath Coffee ETN) follows the Dow Jones-UBS Coffee Subindex Total Return which is another single commodity product investing in a single coffee futures contract which is continuously rolled-over. The fund was launched in June 2008. The expense ratio is .75%. AUM equal $35 million and average daily trading volume is less than 25K shares. As of mid-August 2011 the YTD return was 1.48%.

 

COW (Barclays iPath Livestock ETN) follows the Dow Jones-UBS Livestock Subindex Total return which is currently composed of two livestock commodities--lean hogs and live cattle--which are traded and rolled over on U.S. exchanges. The fund was launched in October 2007. The expense ratio is .75%. AUM equal $89 million and average daily trading volume is 17K shares. As of mid-August 2011 the YTD return -1.40%.

FUD (UBS Bloomberg Food ETN) follows the UBS Bloomberg CMCI Food Index Total Return Index which provides direct exposure to a basket of 11 futures contracts from agricultural and livestock sectors. The fund was launched in April 2008. The expense ratio is .65%. AUM equal $45 million and average daily trading volume is less than 10K shares. As of mid-August 2011 the YTD return was 4.05%.

There's a rapidly expanding series of direct commodity ETFs and ETNs especially when inflation pressures wax and wane. We've chosen to feature some that may be repetitive but clearly have something to offer as well.

One thing seems clear when viewing many of these ETFs are the similar trend patterns many have presented. This is primarily due to globalization but also is the result of easy monetary conditions throughout the developed world allowing for higher prices for many commodities despite misleading official inflation data.   

For further information about portfolio structures using this or other ETFs see www.etfdigest.com .

You may address any feedback to: feedback@etfdigest.com   

(Source for holding data is from ETF Database and from various sponsors.)
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

Dave Fry is founder and publisher of ETF Digest, Dave's Daily blog and the best-selling book author of Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management, published by Wiley Finance in 2008. A detailed bio is here: Dave Fry.

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