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Posted by JayCallas on 11/04/05 16:35
Not all index can have positions. For instance, the Dow Jones
Industrial Average is an an index but you cannot buy shares of it, only
shares of the components. But there is a class of indices called ETF
(Exchange Traded Fund) that you can buy and sell shares of. Here is a
link for the definition of an ETF,
http://www.investorwords.com/1755/ETF.html. (There are probably better
ones out there but this gives the basics.)
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