To: Mr. BSL who wrote (11879 ) 12/22/1998 8:54:00 PM From: Tigress Read Replies (1) | Respond to of 34822
Duke & Everyone ~ Amex Sector Spiders Well Duke, you beat me to it! However, I'd like to contribute a few NEGATIVE items I uncovered from the AMEX preliminary prospectus dated 11/16/98, which I received 4 days ago. I have specifically expounded on the Tech Fund. Note that this may NOT be a true "tech" fund & may not provide fantastic returns. You be the judge. I have also provided a toll-free phone # to the AMEX. XLB Basic Industries XLV Consumer Svcs XLP Consumer Staples XLY Cyclical/Transporation XLE Energy XLF Financial XLI Industrial XLK Technology * XLU Utilities The S&P 500 is divided up into these 9 funds. As of 9/30/98, there are 77 companies incl'd in the Tech fund & technically NOT ALL are tech companies! 1. 6 DOW components: BA, EK, HWP, IBM, T, UTX (that represents 20% of the DOW 30 co's) 2. 3 non-Dow gorillas: INTC, LU, MSFT 3. 1 Biotech: AMGN 4. 10 Defense mfgrs: BA, Gen'l Dynamics, BF Goodrich, Gen'l Dynamics, Harris, Lockheed, Northrop, Rockwell, Raytheon & TRW (defense represents 13% of 77 "tech" companies) 5. 18 Others: Automatic Data Processing, Equifax, EG&G, Sprint, , Gen'l Instrument, WW Grainger, Ikon Office Solutions, Moore, Millipore, Pitney Bowes, Perkin Elmer, Polaroid, Raychem, Tektronix, Thermo Electron, Thomas & Betts, Worldcom & Xerox. * The Tech fund incls companies involved in the development & production of tech products. Those products incl products developed by defense mfgrs, telecommunications equip, microcomputer components, integrated computer circuits & process monitoring systems. Words of wisdom & input are welcome! AMEX Investor Info: 800 843-2639 Tiger