Investments, tenth edition

 Table 4.3 

 ETF sponsors and products 

A. ETF Sponsors

Sponsor

Product Name

BlackRock Global Investors

iShares

Merrill Lynch

HOLDRS (Holding Company Depository Receipts: “Holders”)

StateStreet/Merrill Lynch

Select Sector SPDRs (S&P Depository Receipts: “Spiders”)

Vanguard

Vanguard ETF

B. Sample of ETF Products

Name

Ticker

Index Tracked

Broad U.S. indexes

Spiders

SPY

S&P 500

Diamonds

DIA

Dow Jones Industrials

Cubes

QQQ

NASDAQ 100

iShares Russell 2000

IWM

Russell 2000

Total Stock Market (Vanguard)

VTI

Wilshire 5000

Industry indexes

Energy Select Spider

XLE

S&P 500 energy companies

iShares Energy Sector

IYE

Dow Jones energy companies

Financial Sector Spider

XLF

S&P 500 financial companies

iShares Financial Sector

IYF

Dow Jones financial companies

International indexes

WEBS United Kingdom

EWU

MSCI U.K. Index

WEBS France

EWQ

MSCI France Index

WEBS Japan

EWJ

MSCI Japan Index

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  C H A P T E R  

4

  Mutual Funds and Other Investment Companies 

105

 Barclays Global Investors was long the market leader in the ETF market, using the 

product name iShares. Since Barclays’s 2009 merger with Blackrock, iShares has operated 

under the Blackrock name. The firm sponsors ETFs for several dozen equity index funds, 

including many broad U.S. equity indexes, broad international and single-country funds, 

and U.S. and global industry sector funds. Blackrock also offers several bond ETFs and 

0

100

200

300

400

500

600

700

800

900

1000

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

E

T

F

 A

sse

ts (

$

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)

Bond

Commodities

Global/Int’l Equity

U.S. Equity: Sector 

U.S. Equity: Broad Index