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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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Thursday, May 29, 2008
Watsco to Present at the JPMorgan Basics and Industrials Conference
Comtex
COCONUT GROVE, Fla., May 29, 2008 (BUSINESS WIRE) ----Watsco, Inc. (NYSE:WSO) announced today that Barry S. Logan, Senior Vice President, is scheduled to present at the JPMorgan Basics and Industrials Conference being held at the Sheraton New York Hotel and Towers in New York, Wednesday, June 4, 2008 at 7:30 a.m. (EDT). Internet users can listen to a live webcast of the presentation on the JPMorgan website at https://events.jpmorgan.com or at the Investor Relations section of Watsco's website at http://www.watsco.com.
Watsco is the largest independent distributor of air conditioning, heating and refrigeration equipment and related parts and supplies in the HVAC industry, currently operating 426 locations serving over 40,000 customers in 34 states. There are an estimated 120 million single-family homes in the United States, most of which have central air conditioning and heating systems. Eventually, these systems wear out and require repair or replacement. Watsco's strategy provides the products, support and convenience that contractors require to satisfy the needs of homeowners and businesses that depend on the comfort and energy-efficiency provided by HVAC systems. The Company's goal is to build a national network of locations that provide the finest service and product availability for HVAC contractors, assisting and supporting them as they serve the country's homeowners and businesses. Additional information about Watsco may be found on the Internet at http://www.watsco.com.
SOURCE: Watsco, Inc.
Watsco, Inc., Coconut Grove Barry S. Logan, Senior Vice President, 305-714-4102 blogan@watsco.com
Copyright Business Wire 2008 ********************************************************************** As of Sunday, 05-25-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-09-2008 for WSO @ $42.64. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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