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 ?
has entered into a three-year, USD$167 million financing agreement with Banco Nacional de Desenvolvimento Econymico e Social (BNDES) to finance the company's purchase of Embraer Phenom 300[R] jet aircraft.
The Phenom 300 also offers a spacious cabin, large windows, seats with recline and full movement capability, and the best pressurization among light jets (6,600 ft.
The Phenom 100 is considered an obvious choice by airlines for preparing cadets for multi-engine jet operations, as well as by owner-operators, corporate flight departments and leading fractional providers.
Flight Options encourages prospective customers interested in being one of the first to experience the Phenom 300 to visit http://www.
Embraer currently has over 20 Phenom 100E orders for flight training proposes, including options.
The Signature Series Phenom 300 has proven itself to be a success in meeting our expectations, and more importantly, the expectations of our customers,," said Chuck Suma, Senior Vice President of Global Asset Management, NetJets Inc.
The Phenom 300 marks a new generation of Flight Options' aircraft," said Mike Silvestro, CEO of Flight Options.
The Phenom will be used to instruct students on the Multi-Crew Pilot Licence (MPL) course.
Embraer has now delivered 36 Signature Series Phenom 300s to NetJets.
We expect that the Phenom 300 will be a true game changer in the fractional market place," said Mike Silvestro, CEO.
Our training program is based on a highly personalized level of service and Amsterdam is a convenient city that will provide our European Phenom jets operators the customer experience that is the cornerstone of our program.
M2 EQUITYBITES-June 24, 2015-Etihad Flight College orders up to 7 Embraer Phenom jets