Forum Archive Index - February 2003

["Pat Fields" <pat_fields@hotmail.com>]

Daryl

In addition to Phaedrus' response re. QQQ, you may want to consider what is 
called Standard and Poor's Depositary Receipts (usually called "spiders" - 
SPDR). The one with the symbol SPY is an index fund comprising the 500 
companies of the S&P 500.  However, there are other spiders that focus on 
specific sectors - for example the one with the symbol XLK comprises all of 
the technology companies within the S&P500, and the one with ticker XLV all 
within the health care (including biotech).  If you're keen on the NASDAQ 
due to the potential of the technology sector, you may also want to consider 
XLK that has lower volatility than the NASDAQ overall due to the fact that 
it comprises larger tech. companies.  All spiders are publicly listed and 
can be traded via an internet-based broker.

If you do a web search using SPDR as key word, you'll get a wealth of info 
on them.

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