Not really, because: (i) index may have lower volat prem, and/or
(ii) maybe he's after the other half.
There is another Inet index, price weighted, INX:
<<Symbol Name Last Price Shares Weight
AOL AMERICA ONLINE, INC. 96.188 69.000 6.63%
ASND ASCEND COMMUNICATIONS, INC. 49.938 134.000 6.69%
ATHM ATHOME CORP 35.875 186.000 6.67%
CSCO CISCO SYSTEMS INC 83.125 80.000 6.64%
EGRP E*TRADE GROUP 20.813 320.000 6.65%
NETA NETWORK ASSOCIATES INC. 42.563 157.000 6.68%
NETM NETMANAGE INC 2.750 2,424.000 6.66%
NSCP NETSCAPE COMMUNICATIONS CORP. 27.938 239.000 6.67%
ORCL ORACLE CORPORATION 24.250 275.000 6.66%
PSIX PSINET INC 12.625 528.000 6.66%
SDTI SECURITY DYNAMICS TECH, INC. 18.125 368.000 6.66%
SGI SILICON GRAPHICS, INC. 12.000 556.000 6.67%
SPYG SPYGLASS INC 10.875 613.000 6.66%
SUNW SUN MICROSYSTEMS, INC. 42.563 157.000 6.68%
YHOO YAHOO! INC. 129.250 52.000 6.72%
>>
My problem with both of them is that they are VERY thinly traded,
and Euro style, which means there may be nobody to sell it to when
you want to. |
