Barclays is in the midst of launching a fleet of exchange-traded funds (ETFs).

Related Links

Barclays

On InvestmentWires

Barclays Hires RIA Sales Feb 14 2000

Spiders, WEBS and Qubes ... Oh My! Feb 3 2000

X.com Names Barclays For Funds Sep 20 1999

Starting tomorrow, two more will set sail. They are the first ETFs to track the Dow Jones Financial Sector index and the Dow Jones Telecommunications Sector index.

The Financial index has 342 banking, insurance, real estate and specialty finance stocks. The Telecommunications index has 61 fixed-line telephone and wireless communication stocks.

These ETFs are being launched one week after ETFs tracking the Dow Jones Technology and Internet indices took off. Those funds attracted $193 million in assets in the first three days of trading. Seven more sector ETFs based on Dow indices are planned. All will trade on the Amex.

 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE