Market Vectors Hard Assets Producers ETF Debuts
New ETF offers investors a slight twist on traditional commodity exposure.
On September 3, the newest member of the Van Eck family of exchange-traded funds, Market Vectors-RVE Hard Assets Producers ETF (HAP), began trading on the AMEX. This fund--which levies a 0.65% expense ratio--is the first and only global hard assets ETF and is based on The Rogers-Van Eck Hard Assets Producers Index (^RVEI). That said, it's certainly not the first ETF that aims to capitalize on emerging-markets economies' voracious demand for commodities.
So, what makes this fund so different from the plethora of commodity-based ETFs already on the market?
John Gabriel does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.