MutualFundWire.com: E*Trade Adds to Index Family
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Monday, May 17, 1999

E*Trade Adds to Index Family


E*Trade Asset Management is right on track with its proprietary family of funds, filing with the SEC to offer two new funds, the E*Trade Extended Market Index and E*Trade Aggregate Bond Index funds.

E*Trade Asset Management was formed in mid-February, and its first fund, the E*Trade S&P 500 Index Fund launched soon after. The company has said that it will continue to add index funds, enhanced index funds, and fund-of-funds in the 18 months.

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    • The E*Trade Extended Market Index Fund will seek to track the performance of the Wilshire 4500 Index. This mid- and small-Cap index, is equivalent to the Wilshire 5000 Total Market Index, less the securities of companies in the Standard & Poor's 500 Index.

    The E*Trade Total Bond Index Fund will seek to track the performance of the Lehman Brothers Government/Corporate Bond Index, which includes approximately 5000 fixed-income securities, including U.S. Government securities and investment grade corporate bonds.

    The Funds will be advised by E*Trade Asset Management and distributed by E*Trade Securities, Inc.
    Printed from: MFWire.com/story.asp?s=24862

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