US Capital Markets

Qubes

There is only one Qubes fund, and it was one of three largest funds available. This fund tracks the NASDAQ-100. Like the other major ETFs, this fund is referred to by its brand name. A join venture of NASDAQ and AMEX issues shares of Qubes.

The NASDAQ-100 includes the 100 largest, non-financial, companies traded at the NASDAQ.

Shares of Qubes are traded at the AMEX and their ticker symbol is QQQQ.  Their asset value is calculated this way: One dollar times one-fortieth of the NASDAQ-100. For example, if the NASDAQ-100 is at 800 points, the asset value of a share of Qubes is 20 dollars.

By the end of 2007, trading volume on Qubes had reached more than 70-120 million shares a day.  This fact places Qubes as the most heavily traded ETF on the market, alongside Spiders and Diamonds.

Table 21 displays the annual yield of the NASDAQ-100 since its inception in 1990.

Year Yleld % Year Yleld % Year Yleld % Year Yleld %
1990 -10.4 1995 42.5 2000 -36.8 2005 1.5
1991 65.0 1996 42.5 2001 -32.7 2006 6.8
1992 8.9 1997 20.6 2002 -37.6 2007 18.7
1993 10.6 1998 85.3 2003 49.1 2008 -41.9
1994 -49.2 1999 102.0 2004 10.4 2009 53.5

Click here for a list of The NASDAQ-100’s Annual Yield.

Qubes598Qubes