E*TRADE Group Inc.
) today announced that its wholly-owned subsidiary, E*TRADE Asset Management
, has filed a registration statement with the Securities and Exchange Commission for the E*TRADE Technology Index Fund.
The E*TRADE Technology Index Fund will seek to track the performance of the Goldman Sachs Technology Index (GSTI), which currently consists of 169 stocks from six key subsectors of technology: Hardware, Software, Services, Semiconductors, Internet and Multimedia Networking.
The fund will be advised by E*TRADE Asset Management and distributed by E*TRADE Securities Inc.
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