Optimized Portfolio as Listed Securities

(redirected from Opals)
Also found in: Dictionary, Thesaurus, Acronyms, Encyclopedia.

Optimized Portfolio as Listed Securities

An exchange traded index created by Morgan Stanley that closely tracks a single index without purchasing all the securities listed on that index. The value of OPALS is the aggregate value of the underlying securities. In this sense, they operate like a portfolio of securities, rather than a fund. They are marketed primarily to institutional investors.
References in periodicals archive ?
The opal is Australia's national gemstone, and approximately 95-97% of the world's opals originate from Australia, with 80% of these coming from South Australia.
Kyocera Corporation (President: Goro Yamaguchi) announced that the company s unique Kyoto Opal material is being utilized in protective film screen covers for the iPhone 5s/5c/5.
In the ISS test, OPALS will transfer a video from the space station to JPL's Optical Communications Telescope Laboratory, located in Wrightwood, Calif.
Now thousands of hikers and nature lovers pass through here each year, lured by a priceless gem of the Cascades - the 20,827-acre Opal Creek Wilderness Area and the adjoining 13,538-acre Opal Creek Scenic Recreation Area.
Another myth surrounding opals was the belief that it prevented blond hair from going grey.
At a massive 529 carats it is the largest black opal ever mined and is currently on an exclusive four venue tour of the UK - starting with Johnson's Jeweller's in Queens Road, Nuneaton, where it is on show until tomorrow.
John Wheeler with one of the opals on show at Dawsons Jewellers.
There are three main types of Opal: Precious Opal is classified as white or black Opal depending in whether the colour flashes are in a pale or dark background.
For the last 27 years, no gardener, neighbor's husband, or kid living down the block has ever pushed a lawn mower over Opal Donason's front lawn.
It's incredible to see this magnificent beam of light arriving from our tiny payload on the space station," said Matt Abrahamson, OPALS mission manager at NASA's Jet Propulsion Laboratory (JPL) in Pasadena, California.
It's like aiming a laser pointer continuously for two minutes at a dot the diameter of a human hair from 30 feet away while you're walking," explained OPALS systems engineer Bogdan Oaida of JPL.
Upon delivery of these opals, Oriole will feature the full range products from McOpal as part of its e-Commerce business as an additional product line.