E*Trade to Offer International, E-Commerce Funds
August 16, 1999
E*Trade Group of Menlo Park, Calif., filed with the SEC in early August to offer two new funds, one based on e-commerce and a second based on businesses in Europe, Australia, Asia and the Far East.
Both funds will be based on indexes. The e-commerce fund will be based on a Goldman Sachs electronic commerce index, and the international fund will be based on an index of 1,100 securities listed on 20 exchanges in Europe, Australia, Asia and the Far East.
This brings the total of E*Trade's proprietary mutual funds to six.