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ETFR: QQQ Picks Up Stream in 1Q

May 2003
ETFR Cover Story

QQQ Picks Up Stream in 1Q

by Kelly Haughton

In a reversal of fortune that may indicate a redistribution of assets toward the technology sector, the Nasdaq-100 Index Tracking Stock, QQQ, grew by $1.5 billion, or 9%, during the first quarter, while the S&P 500 SPDR lost close to $560 million, or 1%.

Creating an Alternative Market View

by Marsha Zapson

At a time when major market indices are down (the S&P 500 by 22.1% in 2002 and 3.2% in the first quarter of this year), investors who want to remain in the market are seeking alternative market views in which to invest.
ETFR Features

FITRs Liquidate After Losing Battle

by Kelly Haughton

Everyone knew the odds were stacked against ETF Advisors’ series of fixed income ETFs (see ETFR, April 2003, page 2), but hardly anyone predicted a rapid demise.

Vanguard Switches Indices

by Marsha Zapson

The Vanguard Group has begun switching to MSCI indices from those of Standard & Poor’s and Russell, making it one of the first ETF providers to switch indices.

A Trader’s Delight

by Elise Coroneos

Although a popular vote might once have put the NASDAQ-100 Index Tracking Stock (QQQ) in first place in the ETF technology stakes, the broad range of industries in which its constituents now partake no longer allows it to be seriously considered a pure technology fund.