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 ?
The SPDR Russell 2000[R]Low Volatility ETF seeks to track the performance of the Russell 2000[R]Low Volatility Index.
In fact, as we document in the following section, individual investors invest much more heavily in SPDRs than in S&P500 stocks.
You should buy SPDRs from discount brokerage firms, which charge lower commissions than full-service brokers.
BOSTON -- State Street Global Advisors (SSgA), the asset management business of State Street Corporation (NYSE: STT), today marked the twentieth anniversary of the first exchange traded fund, the SPDR S&P 500 ETF (Symbol: SPY)1.
SPDRs are not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in SPDRs.
State Street manages more than $300** billion in SPDR ETF assets worldwide (as of June 29, 2012) and is one of the largest ETF providers globally.
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.
As per the terms of the partnership announced 3 October 2001, Credit Lyonnais Asset Management retains full rights in Europe to create, list and promote SPDRs that track the S&P Europe 350 and all sub-component indices.
The methodology, reputation and extent of supporting products and services offered by Standard & Poor's played a determining role in our commitment to developing SPDRs in Europe.
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.
14 /PRNewswire/ -- The American Stock Exchange(R) today reported that the Select Sector SPDR Technology Fund (Symbol: XLK) had surpassed $1 billion in total assets for the first time since the nine Select Sector SPDR funds were launched on December 22, 1998 on the Amex's Index Share(SM) Marketplace.