Jim Rogers ETF Introduced

September 3, 2008

SAN DIEGO (ETFguide.com) – For years, Jim Rogers has been a commodities bull. And now, he’s a commodities bull, but with an equity angle.

The Market Vectors-RVE Hard Assets Producers ETF (Ticker: HAP), which follows the Rogers-Van Eck Hard Assets Producers Index, was introduced on the American Stock Exchange (AMEX) today.  

The underlying index contains a global universe of 321 publicly traded companies engaged in the production and distribution of commodities and commodity-related products and services. The six industry sectors covered by the ETF are Agriculture, alternatives (water and alternative energy), base and industrial metals, energy, forest products, and precious metals

Rogers, a well-known international investor, is chairman of the RVE Index Committee and was actively involved in the design and construction of the index.

In addition, the Hard Assets Producers Index is the first commodity equity index to include water and renewable energy (solar and wind), and is weighted by global consumption rather than market capitalization. As a result, it has a lower energy weighting and higher agricultural weighting than other commodity equity indexes.

Stocks inside the fund are rebalanced every quarter and the index is calculated and maintained by Standard & Poor's on behalf of S-Network Global Indexes.

According to the prospectus, the fund will charge a net annual expense ratio of 0.65 percent.

With the Hard Assets Fund, New York-based Van Eck Global now manages a total of 20 ETFs with $5.5 billion