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I just would like to understand the motive for the fund...

2006-10-22 10:47:10 · 1 answers · asked by Anonymous in Business & Finance Investing

1 answers

It is a fund that buys only the Dow 30 stocks, and conforms to the Dow performance. It appears to be leveraged in some way, and probably has a higher beta.

You could do the same thing by purchasing the Dow ETF's, called Diamonds (ticker symbol DIA), and not pay someone else to manage it. You could also control the leverage, place Protective Stops, get out of the market when it gets too risky or when the Uptrend is broken, and a whole lot more that the fund cannot do.

2006-10-22 15:12:30 · answer #1 · answered by dredude52 6 · 0 0

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