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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Vegas who wrote (835)	1/21/2000 1:28:00 PM
From: Sun Tzu	Respond to of 10713

If you are familiar with Spiders e.g. SPY or XLK then you already know WEBs. Essentially WEBs are unit trusts that track a foreign market's index. So if you buy the Italian WEB and the Italian stock market moves up 30% in dollar terms, then you've made 30%. They are the same as investing in an index fund, with the added benefit that you can trade them at intraday prices, short them, and in some cases, sell options on them. The trade on Amex and their tickers starts with EW so EWC would be Canada and EWH Hong Kong and EWM Malaysia. In case of Malaysia, I am not sure if it is a real WEB or more like a closed-end fund. To my knowledge there are only 17 WEBs and only 3 of them apply to Asia. A couple of years ago there was talk of creating regional WEBs to compensate for the lack of liquidity and market capitalization of the Asian markets. But I think they ran into problems with the local authorities. Here are a couple of links to inform you better. If you find out more details about the coming WEBs, or if EWM is/isn't a real WEB please post your findings. I'm also curious about which WEBs do have options on them. biz.yahoo.com cbs.marketwatch.com cheers, ST