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Conference nyoss1::market_investing

Title:	Market Investing

Moderator:	2155::michaud

Created:	Thu Jan 23 1992
Last Modified:	Thu Jun 05 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1060
Total number of notes:	10477

543.0. "S&P 500 based funds" by KAHALA::HOLMES () Wed Aug 04 1993 23:34

    For a private investment, (my parents) what are the names of the mutual 
    or stock funds based on the S & P 500 ?

    I think one of the DEC save funds is based on the S&P 500 but don't know 
    the name of that either.

    Are the more than 1 ?  (Sounds like a dumb question but what the heck)

    Thanks,
    Bill

T.R	Title	User	Personal Name	Date	Lines
543.1	There are many. Here are two.	VMSDEV::HALLYB	Fish have no concept of fire	`Thu Aug 05 1993 13:07`	16
	> For a private investment, (my parents) what are the names of the mutual > or stock funds based on the S & P 500 ? Probably the highest regarded among this community is the Vanguard Index Trust. Good SP500 correlation, low expense. It's an open-ended fund, meaning you buy or sell at the close-of-day price, which is calculated based on the shares they own. Another way to go would be to buy the "Standard and Poor's Depository Receipts", called "Spiders" (after S.P.D.R.), which is akin to a closed-end fund. Meaning you buy and sell the receipts like stocks, anytime during the day. Also means the value of the shares will not necessarily correlate with the underlying index, though it should be close. John
543.2	I agree with John	CAD::BOLIO::BENOIT		`Thu Aug 05 1993 13:19`	6
	The Vangaurd S&P 500 index funds is onw of the best. A recent Morningstar 5-star Investor cited it as being the fund that most closely represents the actual index. It was and interest article. It mentioned not only the lower expense, but a more accuate simulation of the actual index. /mtb
543.3	Vanguard	NOVA::FINNERTY	Sell high, buy low	`Thu Aug 05 1993 14:20`	2
	SAVE fund E