Jim Rogers Picking for New Commodity-Based Index

Jim Rogers has been chosen by A unit of China's CITIC Group and Spain's Banco Bilbao Vizcaya Argentaria (BBVA) to pick companies operating in the resources sectors.

Called the Rogers Global Resources Equity Index (RGREI), it'll include companies in agriculture, alternative energy, forestry, energy and metals, and mining, according to Gao Ang, COO of CITIC Carbon Asset Management, a new division of CITIC.

The index will represent a total of 200 stocks when it's filled.

BBVA head of equities, Eugene Lee, said there is already an institutional base of clients in Latin America with a strong interest in investing in a commodity index like the Rogers Global Resources Equity Index.

Rogers has his own index fund, the Rogers International Commodities Index (RICI), and has lent his name to a Macquarie index fund as well - the Macquarie and Rogers™ China Agriculture Index.