Saturday, February 19, 2011

Jim Rogers Picking Commodities for New Index

Jim Rogers will be part of the new index fund named Rogers Global Resources Equity Index (RGREI), where he'll be the person choosing the companies which will be included included in the index.

It is an index which will focus on five sectors: agriculture, alternative energy, forestry, energy and metals, and mining.

When the index is filled, it'll include 200 stocks representing the commodity sector.

According to Eugene Lee, head of equities at Spain's Banco Bilbao Vizcaya Argentaria (BBVA), which is working with China's CITIC Group to develop the index, they already have a base on investors from Latin America interested in investing in an index like the one they're putting together.

Jim Rogers already has his name on the Macquarie and Rogers™ China Agriculture Index, and of course his own Rogers International Commodities Index (RICI).

Rogers believes we still have years of the commodity bull market left to run.