View Full Version : Question about index fund
jumpthru
09-30-2005, 07:09 PM
I own the E*Trade SP index fund (etspx)...
I am curious how the SP500 went up 1 point today (.09%) yet the ETSPX went down -.4%
How is that possible?
regular
09-30-2005, 08:44 PM
I know with my bank (TD) their index fund only buys shares in like 10 biggest companies of each sector in the index.
Sniper
10-01-2005, 09:27 AM
[ QUOTE ]
I am curious how the SP500 went up 1 point today (.09%) yet the ETSPX went down -.4%
[/ QUOTE ]
It is most likely the result of end of month/quarter expenses being accounted for.
Take a look at this chart and you'll see that the lines are tight, but not exactly overlapping...
http://finance.yahoo.com/q/ta?s=ETSPX&t=2y&l=on&z=m&q=l&p=&a=&c=%5EGSPC
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