| First
ETF Launched on Chicago Board Options Exchange
By IndexFunds.com Staff
October 31, 2000 |
|
The newly-created iShares S&P 100 Index Fund
began trading on the Chicago Board Options Exchange (CBOE) on
10/27/2000. The exchange-traded fund (ETF) will be managed by
Barclays Global Investors (BGI) and will trade under the CBOE
symbol OEF. The iShares S&P 100 Index Fund will trade
only on the CBOE, and has an expense ratio of 0.20%.
"The expansion of the exchange-traded funds
market to the CBOE is a testament to the growing popularity of
this product," said Lee Kranefuss, CEO of BGI's Individual
Investor Business.
"The iShares S&P 100 Index Fund offers the ability
to establish long-term investments based on the market performance
of the top 100 companies in the United States, with the ease of
a single transaction," said CBOE Chairman and CEO William
J. Brodsky.
Top Ten Holdings of the iShares S&P 100 Index
Fund
| Rank |
Ticker |
Company |
Weight |
| 1 |
GE |
General Electric Co. |
8.33% |
| 2 |
CSCO |
Cisco Systems, Inc. |
6.66% |
| 3 |
INTC |
Intel Corp. |
6.29% |
| 4 |
MSFT |
Microsoft Corp. |
5.02% |
| 5 |
XOM |
Exxon Mobil Corp. |
4.49% |
| 6 |
C |
Citigroup, Inc. |
3.58% |
| 7 |
EMC |
EMC Corp. |
3.37% |
| 8 |
ORCL |
Oracle Corp. |
3.34% |
| 9 |
IBM |
International Bus. Machines |
3.25% |
| 10 |
WMT |
Wal-Mart Stores, Inc. |
3.21% |
Source: CBOE.com
Sector Weightings of the iShares S&P 100 Index Fund
| Rank |
Sector |
Weight |
| 1 |
Technology |
38.93% |
| 2 |
Financial |
14.16% |
| 3 |
Capital Goods |
12.12% |
| 4 |
Consumer Cyclical |
9.34% |
| 5 |
Health Care |
7.56% |
| 6 |
Energy |
5.78% |
| 7 |
Consumer Staples |
5.13% |
| 8 |
Communications Services |
3.43% |
| 9 |
Basic Materials |
1.62% |
| 10 |
Utilities |
1.23% |
Source: CBOE.com
Historical Performance of the S&P 100 Index
| Year |
Return |
| 1995 |
+36.70% |
| 1996 |
+22.88% |
| 1997 |
+27.76% |
| 1998 |
+31.33% |
| 1999 |
+31.26% |
| 2000 YTD (9/20/2000) |
-1.30% |
Source: CBOE.com
