Spider

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Spider

See: SPDRs

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.

spider

References in periodicals archive ?
It's not every day I get to introduce hip hop music fans to a emcee that exceeds all expectations, but that's exactly what PHENOM is doing," says M.
Embraer's Legacy 600 will be joined initially by the Phenom 100, which has a pounds 1.
His debut album is nearing completion, with production being mainly handled by Ill Logikal, and PHENOM himself on the boards, and is available from the website www.
Phenom is also working to maintain a local business directory--a portal where local businesses can link their Web sites and provide links and information about the Little Rock area.
His Banditos team represented Super Series Baseball of America (Super Series) while Team Phenom carried the U.
We are very pleased with the selection of the Phenom 100E by Etihad Flight College," said Marco Tulio Pellegrini, President and CEO, Embraer Executive Jets.
NetJets and Embraer signed an original purchase agreement for 50 Phenom 300 firm orders and 75 options, in October 2010.
In just five years of operation, the Phenom 300 fleet has reached the 250 aircraft mark, having accrued a 57% market share in the light jet category.
The Phenom 100/300 FFS is scheduled to be ready for training in 2012.
Flight Options, a US-based company that offers private jet service, has announced expansion of its Embraer Phenom 300 fractional programme.
As the world's only Triple-Core x86 processor, AMD Phenom X3 processors bring multi-core technology to a broader audience in search of desktop PCs that can handle today's digital entertainment workloads.
AMD said that its Phenom X3 has as much as a 30 percent performance improvement in some instances compared to a dual-core chip operating at the same frequency.