|
PureBytes Links
Trading Reference Links
|
Industry Standard and Poor's Depository Receipts (SPDRs) now trade on AMEX.
Technology (XLK)
Basic Industries (XLB)
Consumer Services (XLV)
Consumer Staples (XLP)
Utilities (XLU)
Cyclical/Transportation (XLY)
Energy (XLE)
Financial (XLF)
Industrial (XLI)
These nine sectors combined include all stocks in the S&P 500, which
trades as the original SPDR (SPY).
The industry SPDRs offer features many investors find attractive:
1. they can be purchased like any other stock and SHORTED without waiting
on a downtick
2. their expenses ratios, set at 0.65% , are lower than those of virtually
all industry-sector funds;
3. each industry SPDR, virtually unmanaged, is invested in its industry's
stocks in proportion to their relative sizes within the industry;
4. SPDRs levy no investment minimums; and
5. many industry-sector funds, including Fidelity's, charge loads of 3% or
more. Commissions to buy stocks are much lower.
|