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To: loki_the_bubba who wrote (537)11/3/2002 12:20:20 PM
From: Uncle Frank  Respond to of 562
 
I can't think of a single reason. Spiders have lower management fees, are more liquid, and can be used for covered call writing.



To: loki_the_bubba who wrote (537)11/3/2002 12:43:29 PM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 562
 
I guess it depends on amount of money involved. If the amount is small (<$10000), you can't buy SPYs, since they are only sold in round lots. Also for small amounts of money, brokerage commissions constitute quite a high "front end load" for SPYs, while you can buy S&P mutuals without any fee in $100-1000 increments.

Jurgis