Since ETFs incorporate some of the features of stocks,
they offer unique advantages to fund investors. For
example, unlike regular mutual funds, ETFs can be
traded throughout the day, and can be sold short or
bought on margin.
However, ETFs do not always trade at the net asset
value of the holdings within the fund, and discounts
and premiums can and do open up (compare market price
to net asset value in below table). Of course, these
fluctuations lead to arbitrage opportunities for managers
and the opportunity to win out or get
burned. Timely knowledge of the net asset value
of the securities within a particular ETF is a crucial
factor when it comes to managing ETFs.
The table below offers useful information about every
ETF currently available. All of them are traded on
AMEX.
| Fund
Name |
Ticker |
Exp. Ratio (as of 7/21 2000)
|
1 mo
(as of 8/18 2000) |
YTD
(as of 8/18 2000) |
1 yr
(as 0f 8/18 2000) |
Total
net assets ($ millions, as of 7/21 2000) |
Share Mkt price (as of 8/18*
2000)
|
Share
Net asset value (as of 8/18 2000) |
| Diamond Series Trust
I |
DIA
|
0.12
|
3.33
|
-3.30
|
0.64
|
2050.25
|
110.44
|
110.50
|
| iShares Dow Jones
US Basic Mtrls |
IYM
|
0.60
|
n/a
|
n/a
|
n/a
|
8.61
|
35.76
|
36.03
|
| iShares Dow Jones
US Chemicals |
IYD
|
0.60
|
n/a
|
n/a
|
n/a
|
16.98
|
39.28
|
39.33
|
| iShares Dow Jones
US Cons Cyclical |
IYC
|
0.60
|
-4.17
|
n/a
|
n/a
|
15.66
|
60.34
|
60.57
|
| iShares Dow Jones
US Cons Non-Cycl |
IYK
|
0.60
|
-1.47
|
n/a
|
n/a
|
12.51
|
41.97
|
41.90
|
| iShares Dow Jones
US Energy Sector |
IYE
|
0.60
|
12.40
|
n/a
|
n/a
|
27.85
|
52.41
|
52.26
|
| iShares Dow Jones
US Financial Sct |
IYF
|
0.60
|
6.74
|
n/a
|
n/a
|
98.96
|
81.17
|
81.39
|
| iShares Dow Jones
US Financial Srv |
IYG
|
0.60
|
5.37
|
n/a
|
n/a
|
61.64
|
92.94
|
92.49
|
| iShares Dow Jones
US Healthcare |
IYH
|
0.60
|
-2.41
|
n/a
|
n/a
|
18.98
|
62.13
|
61.95
|
| iShares Dow Jones
US Industrial |
IYJ
|
0.60
|
-0.30
|
n/a
|
n/a
|
27.59
|
61.72
|
61.89
|
| iShares Dow Jones
US Internet |
IYV
|
0.60
|
-9.26
|
n/a
|
n/a
|
92.71
|
70.09
|
70.14
|
| iShares Dow Jones
US Real Estate |
IYR
|
0.60
|
n/a
|
n/a
|
n/a
|
18.23
|
n/a
|
n/a
|
| iShares Dow Jones
US Technology |
IYW
|
0.60
|
-0.29
|
n/a
|
n/a
|
135.32
|
128.94
|
128.70
|
| iShares Dow Jones
US Telecom |
IYZ
|
0.60
|
-14.15
|
n/a
|
n/a
|
51.81
|
52.50
|
52.79
|
| iShares Dow Jones
US Total Mkt |
IYY
|
0.20
|
n/a
|
n/a
|
n/a
|
10.39
|
n/a
|
n/a
|
| iShares Dow Jones
US Utilities |
IDU
|
0.60
|
11.49
|
n/a
|
n/a
|
28.30
|
78.53
|
78.53
|
| iShares MSCI Australia
Index |
EWA
|
0.84
|
1.18
|
-2.83
|
3.72
|
64.73
|
10.75
|
10.58
|
| iShares MSCI Austria
Index |
EWO
|
0.84
|
3.17
|
-2.26
|
-11.78
|
10.96
|
8.13
|
7.99
|
| iShares MSCI Belgium
Index |
EWK
|
0.84
|
1.80
|
-12.40
|
-9.64
|
13.67
|
14.13
|
13.99
|
| iShares MSCI Brazil
Index |
EWZ
|
0.99
|
n/a
|
n/a
|
n/a
|
35.25
|
n/a
|
n/a
|
| iShares MSCI Canada
Index |
EWC
|
0.84
|
1.47
|
30.68
|
60.65
|
19.05
|
21.56
|
21.62
|
| iShares MSCI France
Index |
EWQ
|
0.84
|
-1.54
|
1.36
|
26.65
|
95.87
|
28.00
|
28.05
|
| iShares MSCI EMU |
EZU
|
0.84
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
| iShares MSCI Germany
Index |
EWG
|
0.84
|
-5.47
|
-11.01
|
11.31
|
186.40
|
23.75
|
23.62
|
| iShares MSCI Hong
Kong Index |
EWH
|
0.84
|
0.00
|
-3.51
|
16.31
|
82.81
|
13.75
|
13.70
|
| iShares MSCI Italy
Index |
EWI
|
0.84
|
-4.29
|
0.50
|
16.94
|
74.87
|
25.13
|
25.18
|
| iShares MSCI Japan
Index |
EWJ
|
0.84
|
-1.34
|
-15.33
|
-2.04
|
808.14
|
13.81
|
13.79
|
| iShares MSCI Malaysia
Index |
EWM
|
0.84
|
-1.02
|
-13.28
|
3.47
|
105.87
|
6.13
|
6.22
|
| iShares MSCI Mexico
Index |
EWW
|
0.84
|
-2.94
|
-8.65
|
24.76
|
37.57
|
16.50
|
16.59
|
| iShares MSCI Netherlands
Index |
EWN
|
0.84
|
0.26
|
-3.46
|
3.87
|
26.73
|
24.44
|
24.45
|
| iShares MSCI Singapore
Index |
EWS
|
0.84
|
4.92
|
-12.93
|
-0.58
|
96.06
|
8.00
|
8.06
|
| iShares MSCI Spain
Index |
EWP
|
0.84
|
0.23
|
-6.19
|
3.06
|
43.28
|
26.50
|
26.34
|
| iShares MSCI South
Korea Index |
EWY
|
0.99
|
-7.32
|
n/a
|
n/a
|
20.73
|
19.00
|
19.10
|
| iShares MSCI Sweden
Index |
EWD
|
0.84
|
-6.77
|
-0.85
|
35.99
|
25.94
|
29.25
|
29.31
|
| iShares MSCI Switzerland
Index |
EWL
|
0.84
|
0.39
|
0.39
|
2.56
|
41.99
|
16.06
|
16.02
|
| iShares MSCI Taiwan
Index |
EWT
|
0.99
|
4.20
|
n/a
|
n/a
|
32.16
|
18.63
|
18.55
|
| iShares MSCI UK Index |
EWU
|
0.84
|
2.60
|
-7.58
|
-0.45
|
145.33
|
19.81
|
19.53
|
| iShares Russell 1000 |
IWB
|
0.15
|
0.40
|
n/a
|
n/a
|
267.31
|
79.28
|
79.22
|
| iShares Russell 1000
Growth |
IWF
|
0.20
|
-2.09
|
n/a
|
n/a
|
44.27
|
87.28
|
87.22
|
| iShares Russell 1000
Value |
IWD
|
0.20
|
3.70
|
n/a
|
n/a
|
24.90
|
57.36
|
57.18
|
| iShares Russell 2000 |
IWM
|
0.20
|
-0.93
|
n/a
|
n/a
|
235.15
|
103.09
|
103.19
|
| iShares Russell 2000
Growth |
IWO
|
0.25
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
| iShares Russell 2000
Value |
IWN
|
0.25
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
| iShares Russell 3000 |
IWV
|
0.20
|
0.59
|
n/a
|
n/a
|
32.50
|
82.02
|
81.75
|
| iShares Russell 3000
Growth |
IWZ
|
0.25
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
| iShares Russell 3000
Value |
IWW
|
0.25
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
| iShares S&P 500 |
IVV
|
0.09
|
1.29
|
n/a
|
n/a
|
955.57
|
149.63
|
149.49
|
| iShares S&P 500/Barra
Growth |
IVW
|
0.18
|
-1.47
|
n/a
|
n/a
|
86.46
|
89.98
|
89.66
|
| iShares S&P 500/Barra
Value |
IVE
|
0.18
|
4.21
|
n/a
|
n/a
|
42.13
|
62.61
|
62.46
|
| iShares S&P Europe
350 |
IEV
|
0.60
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
| iShares S&P Midcap
400 |
IJH
|
0.20
|
3.90
|
n/a
|
n/a
|
206.89
|
104.94
|
104.83
|
| iShares S&P Midcap
400/Barra Growth |
IJK
|
0.25
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
| iShares S&P Midcap
400/Barra Value |
IJJ
|
0.25
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
| iShares S&P SmallCap
600 |
IJR
|
0.20
|
1.15
|
n/a
|
n/a
|
42.43
|
107.22
|
107.11
|
| iShares S&P SmallCap
600/Barra Growth |
IJT
|
0.25
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
| iShares SmallCap 600/Barra
Value |
IJS
|
0.25
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
n/a
|
| iShares S&P TSE 60
Index Fund |
IKC
|
0.50
|
n/a
|
n/a
|
n/a
|
9.70
|
n/a
|
n/a
|
| Nasdaq 100 Trust Series
I |
QQQ
|
0.18
|
-2.12
|
2.83
|
64.31
|
13110.17
|
95.25
|
95.01
|
| SPDR 500 |
SPY
|
0.12
|
1.35
|
2.17
|
12.65
|
22080.72
|
149.69
|
149.56
|
| SPDR Basic Industries |
XLB
|
0.28
|
3.98
|
-21.20
|
-20.65
|
90.27
|
20.80
|
20.94
|
| SPDR Consumer Services |
XLV
|
0.28
|
2.23
|
-2.48
|
8.46
|
109.59
|
30.13
|
30.07
|
| SPDR Consumer Staples |
XLP
|
0.28
|
0.65
|
6.02
|
-1.09
|
213.91
|
24.28
|
24.38
|
| SPDR Cyclical/ Transportation |
XLY
|
0.28
|
-5.32
|
-15.47
|
-3.83
|
103.43
|
26.16
|
26.11
|
| SPDR Energy |
XLE
|
0.28
|
11.88
|
20.45
|
10.20
|
213.08
|
32.38
|
32.32
|
| SPDR Financial |
XLF
|
0.28
|
6.66
|
16.68
|
12.92
|
449.03
|
27.53
|
27.48
|
| SPDR Industrial |
XLI
|
0.28
|
2.40
|
4.17
|
6.68
|
64.41
|
30.72
|
30.91
|
| SPDR Mid Cap |
MDY
|
0.25
|
n/a
|
n/a
|
n/a
|
2723.28
|
n/a
|
n/a
|
| SPDR Technology |
XLK
|
0.28
|
-1.37
|
0.58
|
35.26
|
1259.50
|
54.19
|
54.11
|
| SPDR Utilities |
XLU
|
0.28
|
0.11
|
1.07
|
-2.61
|
122.89
|
28.03
|
28.12
|
| HOLDR B2B Internet |
BHH
|
0.08 per 100
shares
|
n/a
|
n/a
|
n/a
|
2043.76
|
49
|
n/a
|
| HOLDR Biotech |
BBH
|
0.08 per 100
shares
|
n/a
|
n/a
|
n/a
|
2078.94
|
188
|
n/a
|
| HOLDR Broadband |
BDH
|
0.08 per 100
shares
|
n/a
|
n/a
|
n/a
|
589.41
|
97.69
|
n/a
|
| HOLDR
Internet |
HHH
|
0.08 per 100
shares
|
n/a
|
n/a
|
n/a
|
760.20
|
117.5
|
n/a
|
| HOLDR Internet Arch |
IAH
|
0.08 per 100
shares
|
n/a
|
n/a
|
n/a
|
306.18
|
100.19
|
n/a
|
| HOLDR Internet Infra |
IIH
|
0.08 per 100
shares
|
n/a
|
n/a
|
n/a
|
495.80
|
63.69
|
n/a
|
| HOLDR Pharm |
PPH |
