To: BarbaraT who wrote (16801 ) 7/8/1999 10:26:00 PM From: LastShadow Respond to of 43080
And for those of you who want some really slow trading... Barclay's New Index Funds Dateline: 07/07/99 If you like index funds you're going to love this. Barclays Global Investor, a subsidiary of Barclays Bank, has filed with the SEC to offer 51 open-end index funds that would trade on the American Stock Exchange. While Vanguard is known nationally, Barclays is the leader in institutional fund management. Barclays Bank ranks second to HSBC in the United Kingdom. The application was filed back on April 30, so we may not see these instruments until the millennium but it will be worth the wait. Currently the expenses and fees are not listed in the filing. The Barclays will be similar to the Spiders, Qubes and Webs that trade on the AMEX. While Spiders and Qubes are structured like a unit investment trust, the Barclays' will be structured like a mutual fund along with WEBS and Select Sector Spiders. They will be priced and traded throughout the day. You'll be able to have your pick of the following: Dow Jones Broad Market Index--Small Cap, Mid Cap, Large Cap and Total Market. Dow Jones Broad Sector Index--Basic Materials,Consumer Cyclical,Consumer Noncyclical, Energy,Industrial,Technology and Utilities. Dow Jones Industrial Sector Index--Chemicals, Internet,Health Care,Real Estate,Financial Services,Petroleum,Technology,Transports and Utilities. S&P Index--S&P 100, S&P 500 Index, S&P 500/BARRA Value, S&P 500/BARRA Growth, Midcap 400, Midcap 400 BARRA Value, Midcap 400/BARRA Growth, Small-Cap 600, Small-Cap 600/BARRA Value, Small-Cap 600/BARRA Growth, Super Composite 1500, Super Composite 1500/BARRA Value, and Super Composite 1500/BARRA Growth. Russell Index--1000, 1000 Growth, 1000 Value, 2000, 2000 Growth, 3000, 3000 Growth, 3000 Value, Top 200 Index and Midcap Index. International Index--S&P/TSE 60, S&P Euro, S&P Euro Plus, DJ Global Pharmaceuticals Sector, DJ Global Media Sector, and DJ Global Telecommunications Sector. Hey! What happened to the Wishire Index? Seems strange but there is none listed in the filings.