A.I.M. Users Bulletin Board

[Neil Scott]

SPY clear
Hello Tom,
Thanks for that comprehensive explaination, that has helped me understand what a lot of the people on the forun were referring to.
I don't believe we have an exact equivalent, or maybe we do in STW which is the Streettracks 200 fund. Its a listed fund on the Australian All Ordinaries Index and consists of the top 200 companies. It probably has a bit more flexibility than the Vanguard funds as you can buy/sell minimum of $500 and you can do it real time at a fixed price unlike Vanguard where you are not sure exactly what the units will cost as there can be a delay of a couple of days when you purchase.
As with the sector trackers all we have here available are the CFD's (Contracts for Difference) which replicate the sectors but do not hold 'real'stock. They are more like a betting instrument as you do not have to actually buy the value of the sector its a mark to market settlement at the end of each day, a bit like futures but without an expiry date.

Regards

neil