| E*TRADE
Launches Two New Index Funds
By IndexFunds.com Staff
January 8, 2001 |
|
E*TRADE today announced the launch of two new no-load index funds:
the E*TRADE Financial Sector Index Fund and the E*TRADE Russell
2000 Index Fund.
The E*TRADE Financial Sector Index Fund will track the Dow Jones
U. S. Financial Sector (DJFS) Index. The DJFS Index is compromised
of approximately 300 financial stocks, including major banks,
regional banks, diversified financial companies, insurance companies,
real estate companies, savings and loan associations and securities
brokers.
The Russell 2000 is a small-cap index comprised of a subset of
the 2,000 smallest companies in the Russell 3000, and represents
approximately 8% of the market capitalization of the Russell 3000.
Minimum initial investment for both index funds is $1,000 for
regular accounts, and $250 for IRA accounts.
The expense ratio for the Financial Sector Index Fund is 0.95%,
and 0.65% for the Russell 2000 Index Fund. The two new index funds
are available only to E*TRADE customers, and shareholders must
agree to receive all information about the fund electronically.
Electronic transmission of fund information is designed to keep
costs for the funds at a minimum.
| |
Russell 2000 |
DJ U.S. Financial |
S&P 500 |
Wilshire 5000 Total Market |
| 1 month |
-10.27% |
-5.18% |
-8.01% |
-9.99% |
| 3 month |
-16.90% |
-3.23% |
-13.36% |
-15.95% |
| 1 year |
-0.72% |
12.83% |
-5.34% |
-5.63% |
| YTD |
-10.81% |
15.39% |
-10.50% |
-12.29% |
| 3 year* |
2.36% |
9.95% |
11.23% |
10.86% |
| 5 year* |
9.05% |
20.55% |
16.78% |
16.69% |
| 10 year* |
15.02% |
- |
15.10% |
17.16% |
| 15 year* |
10.69% |
- |
13.30% |
15.23% |
| 20 year* |
11.28% |
- |
11.83% |
14.44% |
| Since inception |
13.92% |
19.83% |
7.64% |
13.04% |
*annualized returns Source:
Wiesenberger, as of 11/30/2000
