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Thursday, May 25, 2000 ETF Mania Barclays is in the midst of launching a fleet of exchange-traded funds (ETFs).
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. Printed from: MFWire.com/story.asp?s=25777 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |