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: Big Dog who wrote (34632)	1/10/1999 1:14:00 PM
From: Q.	Read Replies (2) of 95453

re. sector funds, AMEX started a new kind of Spider that is focused on sectors in the SP 500. One of them is for Energy. I don't know whether this is a good play on oil service -- are the oil majors in the SP500 much bigger than the service co.'s? Here's what I copied from www.amex.com Select Sector SPDR Fund shares began trading on the Amex on Dec. 22, 1998. These nine individual Select Sector SPDR Funds are unique investments that "unbundle" the Standard & Poor's 500 Composite Stock Price Index and give investors ownership in a particular sector or groups of industries that are represented by a specified Select Sector Index. The nine Select Sector Indexes upon which the Select Sector SPDR Funds are based together comprise all of the companies included in the benchmark S&P 500: The Select Sector SPDR Funds offered are: Basic Industries Sector, Consumer Services Sector, Consumer Staples Sector, Cyclical/Transportation Sector, Energy Sector, Financial Sector, Industrial Sector, Technology Sector and Utilities Sector. Through a single share, investors can buy or sell any one of nine major sectors just as easily as a single share of stock.

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