SPDRs


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Related to SPDRs: vanguard, IShares

SPDRs

SPDRs (Spiders) are designed to track the value of the Standard & Poor's 500 Composite Price Index. Stands for Standard & Poor's Depositary Receipt. They trade on the American Stock Exchange under the symbol SPY. SPDRs are similar to closed-end funds but are formally known as, a unit investment trust. One SPDR unit is valued at approximately one-tenth (1/10) of the value of the S&P 500. Dividends are disbursed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust. See: Mid-cap SPDR.

Spider

Also called a Standard & Poor's Depositary Receipt or a SPDR. An exchange-traded fund that tracks the Standard and Poor's 500. The organization issuing the SPDR owns each of the stocks traded on the S&P 500 in approximate ratio to their market capitalization. SPDR shares can be bought, sold, short-sold, traded on margin; they generally function as if they were stocks. Dividends are paid quarterly and are based on the accumulated dividends of all the stocks represented in the SPDR, less any expenses. Investors use SPDRs (and indeed all exchange-traded funds) as a way to easily diversify their portfolios at relatively low cost. Investors also see the demand for SPDRs as an indicator of which direction the market believes the S&P 500 is going. See also: Mid-Cap SPDR.
References in periodicals archive ?
Our new low volatility SPDR ETFs were developed in response to increasing demand from investors looking to improve the risk adjusted returns of their portfolio, increase their equity allocation while maintaining downside protection, or tactically take a more defensive approach to the US large cap or small cap markets," said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at SSgA.
Despite the fact that both closed-end funds and SPDRs are held predominately by individual investors, SPDRs prices are very close to fundamental values.
Since the inception of SPDRs in 1993, the AMEX has introduced a variety of other exchange-based UITs based on the Dow Jones industrial average and international markets.
a registered broker-dealer, is distributor for SPDRS&P500, SPDR S&P MidCap 400 and SPDR Dow Jones Industrial Average, all unit investment trusts, and Select Sector SPDRs.
The asset management business of State Street Corporation (NYSE:STT), State Street Global Advisors (SSGA) disclosed on Thursday that the Financial Services Select Sector SPDR Fund (XLFS) and the Real Estate Select Sector SPDR Fund (XLRE) began trading on the NYSE Arca.
For a list of SPDR ETF NAIC designations, see attachment.
State Street manages more than $307** billion in SPDR ETF assets worldwide (as of March 31, 2012) and is one of the largest ETF providers globally.
SSgA is also proud to announce that Jim Ross, senior managing director and global head of SPDR Exchange Traded Funds, was honored with the inaugural Nate Most Greatest Contributor to the ETF Industry award.
Having pioneered the first sector ETFs in 1998, State Street Global Advisors continues to work closely with investors and advisors to develop new SPDR ETFs that provide precise exposure to a range of industries and sectors," said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors.
SSGA's suite of US-listed sector and industry SPDR ETFs now includes 36 funds with more than USD 160 billion in assets as of December 21, 2017.
According to the firm, three SPDR ETFs will seek to track Russell Indexes that provide comprehensive coverage of each underlying market segment.
State Street manages more than $337** billion in SPDR ETF assets worldwide (as of September 30, 2012) and is one of the largest ETF providers globally.