Everyone is all crazy about Exchange Traded Funds (ETF's), acting like they are the best thing since sliced bread. I just came across this ETF that apparently has had better days. It is the B2B Internet HOLDRs (BHH), which closed at $0.42. It only contains four stocks in this weighting:
Ariba (ARBA) 17.67%
Checkfree Corporation 75.5%
Internet Captal Group (ICGE) 5.22%
Vertical Net (VERT) 1.61%
Checkfree (CKFR) merged with Fiserv over the Summer, but apparently Yahoo hasn't updated its holdings data.
So beware of what you buy into.
Thursday, January 3, 2008
ETF's Gone Wild
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