Word: etfs
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...ETFs are stock funds that trade on an exchange like common shares of IBM or Coca-Cola. The first ones were launched in 1993. Amid heavy marketing by key players, including Barclays Global Investors and Merrill Lynch, asset growth has taken off in recent years, swelling nearly ninefold since 1998 to $88 billion in the U.S. etf inflows this year have already doubled the total from all of last year. ETFs have proved so popular that Barclays extended its line in July to include bonds, the first ETFs of that type. It's now possible to build a well-diversified...
Here's how they work: an etf share represents a basket of stocks or bonds typically pegged to a major index such as the S&P 500 or Morgan Stanley Capital International's benchmark foreign index, eafe (Europe, Asia, Far East). There are now 102 such ETFs in the U.S., including some that target specific industries and countries. They can be bought and sold through any broker and can be traded through...
...past year, a new breed of ETF, called iShares, has taken wing. Formerly known as WEBs and primarily built around foreign stock indexes, it was dusted off by Barclays Global Investors this year, renamed and expanded to include specific U.S. sectors such as health care, energy and real estate...