Europe

ETF Update and Complete Listing

Europe

Exchange-traded funds (ETFs) have continued their meteoric rise in popularity, with total assets in ETF securities exceeding $47 billion for the week ending 8/18/00, excluding Merrill Lynch's HOLDRs (Source: Wiesenberger).

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