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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
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Tuesday, July 01, 2008
Northwest Airlines Announces WorldTraveler Photo Contest
Comtex
EAGAN, Minn., Jul 01, 2008 (BUSINESS WIRE) ----Northwest Airlines (NYSE: NWA) today announced its inflight magazine, WorldTraveler, is sponsoring a photo contest inviting amateur and professional photographers to share their best travel photographs for a chance to win great prizes and be featured in the December issue of the magazine.
A panel composed of WorldTraveler editors and travel journalist Rudy Maxa will judge the photos and award three prizes in each of two categories - professional and amateur photography. The grand prize in each category will be two World Business Class tickets to accompany Rudy Maxa to an upcoming location for his public television show, "Rudy Maxa's World." Winners will photograph the destination, and their photos will be used in the DVD packaging for that episode of the show.
First runners-up will receive a $1,200 NWA WorldVacations(R) trip certificate valid for an air and hotel package. Second runners-up will receive two coach tickets to any domestic NWA destination.
Photos must be travel-related (landscapes, attractions, people, wildlife, etc.). In order to be considered, submissions must include the photographer's name, category (amateur or professional), address, phone number, e-mail address and a short explanation of the photo - what it shows, when and where it was taken and what drew the photographer to the subject. Photos must be in a high-resolution digital format. Entrants can submit up to five photos by visiting www.digitalnwaworldtraveler.com. Submission deadline is Oct. 1, 2008.
Northwest Airlines is one of the world's largest airlines with hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam. Northwest, with its regional partners, operates approximately 2,400 daily departures. Northwest is a member of SkyTeam, an airline alliance that offers customers one of the world's most extensive global networks. Northwest and its travel partners serve more than 1,000 cities in excess of 160 countries on six continents.
SOURCE: Northwest Airlines
Northwest Airlines
Copyright Business Wire 2008
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