2007 has been a hot year for investors who put their money into commodities and related exchange traded funds (ETFs).

Crude oil surged 44% and wheat has almost doubled during the year, reports Mike Burnick at Burnick’s Global Market Beat. The fast-growing ETF industry has given investors of all walks the opportunity to zone in on some specific sub-sectors of the market, helping reap some significant gains through the exchange traded note (ETN).

For 2008, look to some of these ETNs for potential growth:

  • iPath Dow Jones AIG Grains Total Return Sub-Index ETN (JJG) gives exposure to soft commodities like wheat, corn and soybeans.
  • iPath Dow Jones AIG Livestock Total return Sub-Index ETN (COW) Cattle and lean hogs are tracked
  • iPath Dow Jones AIG Natural Gas ETN (GAZ) natural gas prices should be set to rally after these cold spells.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.