BUSINESSWEEK ONLINE : APRIL 24, 2000 ISSUE
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Exchange-Traded Funds


Spiders
The most actively traded in this series is the S&P 500 fund, ticker symbol (SPY). Newer spin-offs include an S&P 400 MidCap fund (MDY) and nine sector Spiders ranging from Technology to Utilities.

Cubes
The Nasdaq 100, (QQQ), focuses on the 100 largest and most tradable of those stocks, which account for most of the index's returns.

Diamonds
An ETF based on the Dow Jones industrial average. It gets its name from the ticker symbol (DIA).

Webs
World Equity Benchmark Shares let you play foreign markets. There are 17 WEBS, each tracking a single country index. All three use letter ticker symbols starting with EW.


DATA: BW


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RELATED ITEMS
Funds That Trade Like Stocks

TABLE: Exchange-Traded Funds

TABLE: Inside an ETF Portfolio



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