Below is the latest interview of author and legendary commodity investor Jim Rogers with editor-in-chief of Forbes magazine, Steve Forbes.
The interview starts off with a bit of history of what Jim has done since his retirement from the Quantum Fund and his thoughts about the current economic environment. When asked about the problems facing the U.S. economy? Rogers repeated and pointed out what he has been saying ever since Ben Bernanke became chairman of the Federal Reserve:
The main problem is the staggering debt. We are the largest debtor nation in the history of the world, Steve, as you undoubtedly know, because you probably read Forbes. It’s amazing how high the debt is, and it’s going up by leaps and bounds. It’s just mind boggling how fast it’s going up. Nobody seems to understand or care what the significance and the consequences will be. It’s not good. It’s not good news.
As usual, Rogers remains bullish on commodities, specifically agricultural commodities due to the shortage of farmers and continues to suggests individuals start learning how to farm.
How to invest along with Jim Rogers via ETFs:
To trade the dollar’s “Bear Rally”: PowerShares DB US Dollar Index Bullish Fund (UUP)
On Agriculture, there is the ELEMENTS Rogers International Commodity Index- Agriculture (RJA)
Rogers briefly touched on Gold but is neither bullish or bearish.
Rogers mentions commodities as a play on China but mentioned the Chinese Renminbi which could be traded through the CurrencyShares Chinese Renminbi Trust (FXCH)
Disclaimer: I own the ELEMENTS Rogers International Commodity Index- Agriculture (RJA)
ArrowShares has made its entrance to the ETF Universe with its first ETF, the new Dow Jones Global Yield ETF (GYLD). The new fund will consist of an index that includes 150 of the highest yielding securities across three primary asset classes: stocks, bonds, and alternative investments such as Real Estate Investment Trusts (REITS) and Master Limited Partnership’s (MLPs). The complete prospectus could be found by clicking here and the fund’s fact sheet could be found by clicking here.
The underlying portfolio will consist of five different allocations, each weighted at 20%. These categories are:
Global Equity
Global Real Estate
Global Alternatives (Energy, MLPs,CRTs)
Global Corporate Debt
Global Sovereign Debt
The fund’s currency exposure is as follows:
U.S Dollar 56%
Euro 16.7%
Australian Dollar 7.3%
Singapore Dollar4.0%
British Pound 2.7%
New Zealand Dollar 2.7%
South African Rand 2.7%
Hong Kong Dollar 2.0%
Canadian Dollar 2.%
Why would you be interested in the ArrowShares Dow Jones Global Yield ETF?
The fund provides global exposure to traditional and alternative sources of yields. It’s simply another way investors can get some sort of yield as the recent market decline has once again forced investors to seek safety in Treasuries, which once again pushed interest rates lower. You might want to wait a while before investing though. The fund and ArrowShares are still new so assets (at 3.66 million) and volume are still pretty low. The fund’s trading volume on Friday was a dismal 5,000 shares traded with volume averaging 16,000. The expense ratio for the Dow Jones Global Yield ETF is 0.75%
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