The New SEctor SPDR Funds Message Board

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Strategies & Market Trends : The New SEctor SPDR Funds

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To: pcyhuang who wrote ()	12/24/1998 9:24:00 AM
From: Paul Berliner	Read Replies (2) of 122

This spells certain woes for the wildly popular Fidelity Select fund division. Why pay the higher mgmt. fee when you can track an industry with these bad boys? Plus, you can dump 'em any time you want. I believe the Select funds can only be redeemed every few hours (they're priced every couple of hours or so...) They're not going to list options on the new SPDRs though, because their already is a bunch of indices for this stuff. I;m know that the SPDRs also have a mgmt. fee, but guaranteed its no where near as high as Fidelity's.

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