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To: Susan Saline who wrote (17046)11/4/1998 8:50:00 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
>>what is WEBS?

World
Equity
Benchmark
Shares

traded on the AMEX

basically a way to play a country bet
like buying a basket of stocks in a given country

websontheweb.com



To: Susan Saline who wrote (17046)11/4/1998 9:06:00 AM
From: tom pope  Read Replies (1) | Respond to of 53068
 
>>what is WEBS?<<

WEBS are baskets of foreign stocks held in a trust and traded on the ASE, sort of like foreign SPDRS. Generally lower expenses than closed end funds, but they are in effect closed end funds. You'll find the list of available countries under WEBS in the ASE listing.

I don't believe there are Indonesian WEBS - only Singapore and Malaysia in Southeast Asia, I think.


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