Spider

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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 ?
At the heart of this fragrance is the creamy warmth of Tahitian tiare flower and Spider Lily - sounds exotic and it is, but in a gentle way.
The Spider Lily Body Collection derived from a blend of spider lily, citrus, orange blossom, tropical fruits, night-blooming jasmine, green palms and sea air accords.
Then, in August, a 15- to 20-inch spike shoots up from underground, which is why it is sometimes called the "resurrection lily." Also called the red spider lily or red hurricane lily, it's topped with a complex, bright-red flower with many very long stamens.
Each 60cm (2ft) stem bears a loose head of two to five flowers, each with a central cup or trumpet surrounded by thin, curving petals, giving rise to the nickname spider lily. Origin: Peru.