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Friday, March 24, 2000 Another Index Morgan Stanley Dean Witter is launching the Morgan Stanley Internet Index. The MOX will distinguish itself from the widely-followed Morgan Stanley High-Tech Index (MSH) by investing only in those US companies currently involved in Internet businesses. The MOX (a) focuses on the leading companies in the nine key Internet sectors, (b) includes B2B companies, and (c) it will be updated on an ongoing basis to include emerging companies.
Mary Meeker, managing director of MSDW said, "The MOX is designed to act as a tool for creating a liquid institutional trading, hedging and investment vehicle and to provide investors with an effective performance index for public Internet companies." The Index is comprised of 28 actively traded, high market capitalization Internet stocks drawn from nine Internet subsectors -- Internet infrastructure services, Internet infrastructure, Internet consulting/services, Internet portals, Internet vertical portals, Internet commerce, Internet/B2B software, B2B commerce and multi-sector Internet companies. The number and types of companies in the Index will change as Internet-related businesses evolve. The Morgan Stanley Internet Index will be published on the American Stock Exchange on March 24th under the ticker symbol MOX. Options will begin trading by April 10th. Morgan Stanley Dean Witter expects to license the Morgan Stanley Internet Index to third parties for use in the creation of various products linked to the index. State Street Global Advisors intends to launch an exchange-traded fund tied to the MOX in the near future. MOX Component Securities Internet Infrastructure Services Covad Exodus InterNAP MCI Worldcom Internet Infrastructure Cisco Inktomi Sun Microsystems Verisign Internet Consulting/Services DoubleClick Scient Internet Portals America Online Excite@Home Microsoft Yahoo! Internet Vertical Portals Charles Schwab CNET Healtheon Intuit Internet Commerce Amazon.com eBay Priceline.com Internet/B2B Software Ariba Oracle Vignette B2B Commerce Ventro VerticalNet Multi-Sector Internet Companies CMGi Internet Capital Group Printed from: MFWire.com/story.asp?s=25620 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |