I have recently purchased an index mutual fund (S&P 500). Everytime I buy shares I buy mini-shares in each of the 500 underlying companies. Is there an investment vehical out there that is similar to mutual funds but allows customization of assett allocation within the fund... for example, I realize for the mutual fund to be it has to have a set of stocks. That's fine, now lest say I don't agree with buying stocks from 3 of the 500 I have on my list... I would like to change my assett allocation to such so that zero dollars go to the 3 and the remaining is spread across the rest. I am not sure if ETFs would do this or not... so far I am unaware of how to do this without simply just buying stocks (but then the broker fees will crush me).
2007-01-19
05:02:18
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6 answers
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asked by
DoorWay
3
in
Investing