Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Tommy D who wrote (80001)	11/25/2000 5:45:21 PM
From: upanddown	of 95453

Tommy I got the impression from your post that you were looking for ETF's and were not interested in mutual funds. I don't blame you since ETF's have lots of advantages over mutual funds like.... Lower cost better tax efficiency ability to buy/sell at any time during market hours ability to do sector concentration play long or short (without an uptick) marginable place stop orders no need for high-salaried mediocrities to "manage" the fund ETF's are still in their infancy and still have lots of problems, notably lack of liquidity. I think eventually they are going to really hurt MF's as people begin to understand the obvious advantages. This is no current ETF specializing in oil service though I would expect one in the future. The closest you can get is the SPDR energy sector XLE and the IShares US Energy sector IYE. The Holdrs Utility might be an NG play. Check top holdings. amex.com amex.com amex.com John

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