Forum Archive Index - February 2003

["gooner" <nickk@quicksilver.net.nz>]

well that answered my question!!!!!!!!!!

----- Original Message -----
From: "Pat Fields" <pat_fields@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, February 19, 2003 12:33 PM
Subject: Re: [sharechat] Nasdaq


>
>
>
> Daryl
>
> In addition to Phaedrus' response re. QQQ, you may want to consider what
is
> called Standard and Poor's Depositary Receipts (usually called "spiders" -
> SPDR). The one with the symbol SPY is an index fund comprising the 500
> companies of the S&P 500.  However, there are other spiders that focus on
> specific sectors - for example the one with the symbol XLK comprises all
of
> the technology companies within the S&P500, and the one with ticker XLV
all
> within the health care (including biotech).  If you're keen on the NASDAQ
> due to the potential of the technology sector, you may also want to
consider
> XLK that has lower volatility than the NASDAQ overall due to the fact that
> it comprises larger tech. companies.  All spiders are publicly listed and
> can be traded via an internet-based broker.
>
> If you do a web search using SPDR as key word, you'll get a wealth of info
> on them.
>
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