One of the most popular Exchange Traded Funds, the NASDAQ 100 Trust, known as the cubes, may be soon having some strong competition. The cubes (QQQQ) have been the default Fund for the tech industry. This may be about to change.

A new exchange traded fund due to be introduced next year is being planned by Archipelago Holdings Inc. This ETF will cover the technology sector; however it is covering the technology sector with a twist. Current technology funds give technology companies weight in the index based on market capitalization. Companies with large market capitalizations such as Microsoft would have a larger influence on the index. For example many technology indexes give Microsoft a 10% or more weight in the index.

Archipeligos