Wednesday, December 5, 2007

ETF Proxies for Various Indices

iShares Russell 3000 Growth Index Fund (IWZ): proxy for the universe of U.S. growth stocks
iShares Russell 3000 Value Index Fund (IWW): proxy for the universe of U.S. value stocks

2007 marked a shift among money managers to favor"growth" stocks, those whose earnings are growing faster than market average, over "value" stocks, which look cheap relative to their assets or earnings. The technology and health care sectors, for example, is believed to continue to deliver steady growth as the economy slows in 2008.

iShares S&P 500 Index (IVV)
Financial Select Sector SPDR (XLF)
KBW Bank ETF (KBE)
Energy Select Sector SPDR (XLE)
SPDR S&P Homebuilders (XHB)
Oil Services HOLDRs (OIH)
Market Vectors Gold Miners ETF (GDX)
iShares MSCI Brazil Index (EWZ)
iShares FTSE/Xinhua China 25 Index (FXI)

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