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JULY 19, 2004
Edited by Toddi Gutner INVESTING ETFs Of All Flavors The universe of Exchange-Traded Funds continues to expand. On July 2, Barclays Global Investors, which has more than 80 offerings, introduced nine ETFs based on Morningstar indexes. The new ETFs divide stocks into value, growth, and core investment styles, and identify whether they invest in small-cap, mid-cap, or large-cap stocks. In the fall, San Francisco-based Barclays is expected to roll out the first China ETF, which will track the FTSE/Xinhua China 25 index. Barclays also plans to launch the first gold ETF and a socially responsible ETF. That's not all. PowerShares Capital Management, a Wheaton (Ill.) firm with two ETFs, is set to add 25, including PowerShares Dynamic Large Cap Growth Portfolio, which focuses on 50 blue chip stocks. ETFs, which trade like stocks and have $167 billion in assets, have been gaining momentum since the mutual-fund scandal broke last fall. But issuance has been limited to index-linked products. What's holding up actively managed ETFs, says Lee Kranefuss, who oversees ETFs at Barclays, is that "nobody wants to disclose their portfolio on a daily basis." By Lauren Young GADGETS When Your Cell Phone Needs A Jolt How can you avoid getting caught with a cellular phone that dies in the middle of an important conversation? Cellboost, a disposable battery charger, plugs into your phone to give it an extra jolt good for an hour or so of talk time, or 60 hours on standby. It looks like a Zippo lighter and comes in different models that mate with the charger ports of most cell phones. You'll pay $5 to $7 in electronics stores, double if you need to buy it in an airport shop. TRAVEL 
  HAIR CARE Hair Repair For decades women have poured beer over their heads to help repair damaged hair. Now some salons offer Kahlúa conditioning treatments, made by mixing the coffee-flavored liqueur with conditioner, half and half, and ingredients such as jojoba. After 20 minutes under a heat lamp, the concoction causes hair cuticles to close, making tresses soft and shiny, says Kim Vo, co-owner of B2V salon in West Hollywood. The treatment costs $30 at B2V and New York's Maximus, among others. But there's no reason you can't try it at home. By Arlene Weintraub
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