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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone)

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To: RealMuLan who wrote (1522)	8/22/2006 9:35:26 PM
From: RealMuLan	Read Replies (1) of 2852

Select Sector SPDRs Climb on Hedge Fund Dough 2006-08-19 Daily News; White Plains By Jacob Bunge, Financial Correspondent NEW YORK (HedgeWorld.com) - Over the last three years, investments in Select Sector SPDRs have increased fourfold, bringing total assets to $16 billion - and most of that pile is from hedge funds. Dan Dolan, director of wealth strategies for Select Sector SPDR Trust, said that hedge funds now account for about 75% of the assets invested in his firm's exchange-traded funds, which separate the Standard & Poor's 500 stock index into nine categories; a similar level of volume can be likewise attributed. "The hedge fund world is clearly the driving force," he said. blackenterprise.com

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