Spider

(redirected from phenom)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

Spider

See: SPDRs
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

spider

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The company chief executive officer, Mike Silvestro, said 'The Phenom 300 defines value.
AMD just released the Phenom II X4 970BE, so these reports are quite surprising, but most welcome.
The Phenom 300 has been the world's best-selling business jet for the last four years running.
There have been no major changes to the design of the laptops, or their configurations, apart from the fact that three out of five (the new 6450b and 6550b feature Intel Core i3 to i7) HP ProBook laptops now feature AMD processors, from mobile Phenom II chips to the new Dual-Core V series.
Showing off the full-scale cabin mockups of the six to nine-seat Phenom family in Geneva, Embraer CEO Mauricio Botelho had another surprise for EBACE attendees.
In the seven years since it was established in 2009, FlairJet has onboarded 13 Embraer Phenoms into its fleet and has pioneered commercial operations with both the Phenom 300 and 100 in Europe.
Used by fractional programs, charter services, corporate flight departments and owner-pilots, 320 Phenom 300s are in operation in 28 countries.
Embraer Executive Jets delivered 63 Phenom 300 light jets in 2016, the highest volume of any business jet model for the year, according to a report made by the General Aviation Manufacturers Association (GAMA), the company said.