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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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Monday, June 23, 2008
Philip Morris International Inc. (PMI) to Webcast Presentation at JP Morgan Global Tobacco Conference
Comtex
NEW YORK, Jun 23, 2008 (BUSINESS WIRE) ----Regulatory News:
Philip Morris International Inc. (NYSE/Euronext Paris: PM) will host a live audio webcast of its presentation at the JP Morgan Global Tobacco Conference in London at www.pmintl.com on June 27, 2008, at approximately 9:25 a.m. London Time (4:25 a.m. ET).
The webcast will provide live audio of a presentation and Q&A session by Mr. Andre' Calantzopoulos, Chief Operating Officer of Philip Morris International Inc. The webcast will be in a listen-only mode. An archived copy of the webcast, together with selected slides, will be available at www.pmintl.com until 5:00 p.m. ET on Friday, July 18, 2008.
About Philip Morris International
Philip Morris International (PMI) (NYSE/Euronext Paris: PM) is the leading international tobacco company, with seven of the world's top 15 brands including Marlboro, the number one cigarette brand worldwide. PMI has more than 75,000 employees and its products are sold in over 160 countries. The Company held a 15.6% share of the international cigarette market outside of the United States in 2007. For more information, see www.pmintl.com.
SOURCE: Philip Morris International Inc.
Philip Morris International Inc. Investor Relations: New York (917) 663 2233 Lausanne +41 (0)58 242 4666
Copyright Business Wire 2008
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