November 26, 2007 at 2:00 pm by Tom Lydon
A new exchange traded note (ETN) helps investors cast a wide net when investing in commodities. Many financial advisors recommend a slice of your portfolio be invested in commodities. This may be the one-stop, all-around fund to help. Elements Rogers International Commodity Total Return Index (RJI) tracks an index that includes gold and heating oil to greasy wool, azuki beans and rice, reports Eleanore Laise for The Wall Street Journal.
The index consists of 36 commodities, and is far more diversified than any other popular commodities indexes tracked by popular funds. Matt Hougan, of Index Universe, says it will offer investors a smoother ride.
Tags: Commodity ETFs, ETNs
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