Global Investment with BLDRS Fund Family

A few weeks back we discussed about advantages and disadvantages in
investing directly in some of the foreign countries and how American
Depository Receipt (ADR) could be a good investment keeping the
perspective of diversification in mind. Like all wise investors if you take
the issue of diversification seriously and wish to put some money in ADRs
to receive a chunk of the global rise of economy, we think there is
something better than ADRs - That is an Exchange Traded Fund (ETF)
for ADRs. In fact, there are four of those.

Nasdaq Financial Products Services and The Bank of New York introduced
BLDRS, a new family of exchange-traded funds ("ETFs") based on The
Bank of New York ADR IndexSM, a real-time index tracking U.S. traded
depositary receipts (For details visit the ADR IndexSM section of
adrbny.com). The BLDRS Fund Family is currently made up of four ETFs,
including two market index funds and two regional index funds:

BLDRS Emerging Markets 50 ADR Index Fund (ADRE),
BLDRS Developed Markets 100 ADR Index Fund(ADRD),
BLDRS Europe 100 ADR Index Fund(ADRU) ,
BLDRS Asia 50 ADR Index Fund (ADRA).

All of them have very low expense ratio of only 0.30. We think all of these
are good long time investments especially for retirement accounts.