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IndexFunds.com Staff
First ETF Launched on Chicago Board Options Exchange
IndexFunds.com Staff
Tuesday, October 31, 2000
The newly-created iShares S&P 100 Index Fund began trading on the Chicago Board Options Exchange (CBOE) on 10/27/2000. The exchange-traded fund (ETF) will be managed by Barclays Global Investors (BGI) and will trade under the CBOE symbol OEF. The iShares S&P 100 Index Fund will trade only on the CBOE, and has an expense ratio of 0.20%.
"The expansion of the exchange-traded funds market to the CBOE is a testament to the growing popularity of this product," said Lee Kranefuss, CEO of BGI's Individual Investor Business.
"The iShares S&P 100 Index Fund offers the ability to establish long-term investments based on the market performance of the top 100 companies in the United States, with the ease of a single transaction," said CBOE Chairman and CEO William J. Brodsky.
Top Ten Holdings of the iShares S&P 100 Index Fund
| Rank |
Ticker |
Company |
Weight |
| 1 |
GE |
General Electric Co. |
8.33%
|
| 2 |
CSCO |
Cisco Systems, Inc. |
6.66%
|
| 3 |
INTC |
Intel Corp. |
6.29%
|
| 4 |
MSFT |
Microsoft Corp. |
5.02%
|
| 5 |
XOM |
Exxon Mobil Corp. |
4.49%
|
| 6 |
C |
Citigroup, Inc. |
3.58%
|
| 7 |
EMC |
EMC Corp. |
3.37%
|
| 8 |
ORCL |
Oracle Corp. |
3.34%
|
| 9 |
IBM |
International Bus. Machines |
3.25%
|
| 10 |
WMT |
Wal-Mart Stores, Inc. |
3.21%
|
Source: CBOE.com
Sector Weightings of the iShares S&P 100 Index Fund
| Rank |
Sector |
Weight
|
| 1 |
Technology |
38.93%
|
| 2 |
Financial |
14.16%
|
| 3 |
Capital Goods |
12.12%
|
| 4 |
Consumer Cyclical |
9.34%
|
| 5 |
Health Care |
7.56%
|
| 6 |
Energy |
5.78%
|
| 7 |
Consumer Staples |
5.13%
|
| 8 |
Communications Services |
3.43%
|
| 9 |
Basic Materials |
1.62%
|
| 10 |
Utilities |
1.23%
|
Source: CBOE.com
Historical Performance of the S&P 100 Index
| Year |
Return
|
| 1995 |
+36.70%
|
| 1996 |
+22.88%
|
| 1997 |
+27.76%
|
| 1998 |
+31.33%
|
| 1999 |
+31.26%
|
| 2000 YTD (9/20/2000) |
-1.30%
|
Source: CBOE.com
|