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First
ETF Launched on Chicago Board Options Exchange
By
Index Funds Staff
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
10/31/2000
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