ABA Bank Index

  

It's just an index of banks' stock prices, market cap weighted. Ticker: ABAQ. Barely worth the definition notice here. Just remember: ABA = American Bankers Association and is NOT an Aussie rock group from the '80s. Wasn't there a more recent hit though.... Banking Queen? Something like that?

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Finance: What is a Sector Fund?5 Views

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Finance allah shmoop What is a sect or fund All

00:06

right Well star wars and star trek captains are all

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these barking about setting coordinates for sector for stat or

00:14

whatever they say That means urgent in the future right

00:16

We'll hear space here's sector four and it's Ah well

00:19

kind of a slice of space Ok now come back

00:23

to earth gently And as it applies to mutual funds

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it's kind of the same notion that is A sector

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comprises a particular discipline of investing Like think of it

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like a slice of the s and p five hundred

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Like one sector of the economy is banking Another is

00:40

tech Another is telecommunications And then there's oil and transport

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And consumer durables in each of these areas has hundreds

00:48

of ways in which investors can invest in that particular

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sector That is there are index funds that invest in

00:55

it Yeah Mutual funds hedge funds private equity funds Even

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venture capital funds Each of whom has a particular discipline

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or focus on lee in one sector More less so

01:06

why would you want to sector fund Well if you

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believe that oil was about tohave an explosion in demand

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the good kind of explosion Then you'd want to beam

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or exposed to it financially at least to its upside

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Then say you would technology which you feel has gotten

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too expensive in the markets And its best days are

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behind it It's A little like putting several of your

01:26

eggs into one particular basket because you really like that 00:01:30.519 --> [endTime] basket

Up Next

Finance: What Are ETFs?
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What are ETFs? They are Exchange Traded Funds, and unlike index funds, they don't really change, or rebalance, based on the industries represented...

Find other enlightening terms in Shmoop Finance Genius Bar(f)