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Anyone firmilar with the Rogers International Raw Materials Fund?
I would not be interested in any of the Rogers funds. I like Jim Rogers, but I would be interested in something managed by Jim Rogers, not a "brand", like the various Rogers commodity funds put out by various companies seem to be. The Rogers Commodity Index was designed by Rogers, but I think it ends there and whether not any fund tracking it does well or not is entirely on them.
" This www.rogersrawmaterials.com website is published and maintained by Beeland Management Company, LLC. Neither Beeland Interests, Inc. Nor James Beeland Rogers, Jr. Owns, is involved in the management of, or is responsible in any way for Beeland Management Company, LLC or Uhlmann Price Securities, LLC. Neither Beeland Interests, Inc. Nor James Beeland Rogers, Jr. Is responsible in any way for this website, including without limitation the accuracy or completeness of information provided on this website or on other websites accessible via this website's links. For more information, you may contact Uhlmann Price Securities, LLC, a full service brokerage firm located in Chicago (http://www.upsecurities.com). "
Additionally, the Rogers Raw Material Index is an index; there are a few various ETNs and whatnot that track the Rogers Commodity Indexes (I believe there are multiple), but again, not something I'd recommend or be remotely interested in. There are very few actively managed commodity funds - I like Highbridge Commodity (HDCCX) and would consider buying it back if it reopened.
Now granted, it is an index...but it is a little more fundamentally driven as it focuses on those commodities (and contract dates) which show the least contango or most backwardation (rarity now).
I don't like ETNs......As they are really just bonds of the issuing bank (but with the return is tied to the commodity price -- assuming the bank survives).
Thanks for the responses so far...the reason for my question relates to gold's relative value. In dollar terms gold has one value...1 ounce of gold today buys about 1700 US dollars. My understanding of a commodity index is that its value is determined by collectively valuing each underlying commodity into one daily price. Today gold's value as a component of this commodity index represents 47% of the overall value of the commodity index. This percentage value seem to me to be a better way to compare and gauge gold's true value.
Reply to @bee: I'm not sure how this index determines golds relative value; the gold chart has followed pretty closely to the chart of the global monetary base.
Comments
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This www.rogersrawmaterials.com website is published and maintained by Beeland Management Company, LLC. Neither Beeland Interests, Inc. Nor James Beeland Rogers, Jr. Owns, is involved in the management of, or is responsible in any way for Beeland Management Company, LLC or Uhlmann Price Securities, LLC. Neither Beeland Interests, Inc. Nor James Beeland Rogers, Jr. Is responsible in any way for this website, including without limitation the accuracy or completeness of information provided on this website or on other websites accessible via this website's links. For more information, you may contact Uhlmann Price Securities, LLC, a full service brokerage firm located in Chicago (http://www.upsecurities.com).
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Additionally, the Rogers Raw Material Index is an index; there are a few various ETNs and whatnot that track the Rogers Commodity Indexes (I believe there are multiple), but again, not something I'd recommend or be remotely interested in. There are very few actively managed commodity funds - I like Highbridge Commodity (HDCCX) and would consider buying it back if it reopened.
Now granted, it is an index...but it is a little more fundamentally driven as it focuses on those commodities (and contract dates) which show the least contango or most backwardation (rarity now).
I don't like ETNs......As they are really just bonds of the issuing bank (but with the return is tied to the commodity price -- assuming the bank survives).
http://macromon.files.wordpress.com/2011/01/gold-and-monetary-base.jpg