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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.17+0.2%Dec 11 4:00 PM EST

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To: iod_sherwood who wrote (73791)4/1/2001 3:24:46 PM
From: Les H  Read Replies (2) of 99985
 
It seems they created it when the largest cap stocks were mostly techs so it tracks the techs. See comparison to Morgan Stanley Hi-tech 35 ishares:

quote.yahoo.com

It'll be awhile before they come out with managed exchange traded funds where the holdings can be actively managed within.
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