SPDR funds (pronounced "spider") are a family of exchange-traded funds (ETFs) traded in the United States , Europe , Mexico and Asia-Pacific and managed by State Street Global Advisors (SSGA). Informally, they are also known as Spyders or Spiders . SPDR is a trademark of Standard and Poor's Financial Services LLC, a subsidiary of S&P Global . The name is an acronym for the first member of the family, the Standard & Poor's Depositary Receipts , now the SPDR S&P 500 Trust ETF , which is designed to track the S&P 500 stock market index.
5-586: The SPDR S&P 500 Trust is the largest ETF in the world by total assets under management. SSGA also manage the SPDR Gold Shares , the largest commodity based ETF in the world. The funds are formulated as unit investment trusts . In 2007, SSGA rebranded its other United States ETFs as SPDRs, including the StreetTRACKS family and its other flagship ETF shares, the DOW DIAMONDS, that tracks
10-682: The Bank of New York to track Standard & Poor's S&P 400 index of middle-market equity shares. The DIAMONDS were developed, like the original SPDR, by SSGA in cooperation with the American Stock Exchange . DOW DIAMOND shares are designed to track the Dow Jones Industrial Average . In 1998, SSGA and Merrill Lynch introduced the Sector Spiders , which now consist of ten funds which follow
15-406: The Dow Jones Industrial Average . This move united all U.S. ETFs managed by SSGA, a total of 23 at that time, under a single brand. At the end of 2006, the total portfolio that became known as SPDRs had $ 102 billion of assets under management . As of Dec 2019, SPDR is the third largest ETF provider, behind iShares and Vanguard , with assets of $ 714 bn. In 1995, Mid-Cap SPDRs were launched by
20-705: The United States. In Australia SSGA manages three SPDR branded ETFs. They are listed on the Australian Securities Exchange and are the following: Surawut Paravek Company Limited (Public Company) has invested in SPDR S&;P 500 ETF Trust shares totaling 123,499,999,872 shares, with a value of 69,013,559,928,453.12 $ . Google Finance USA or Thailand Investor named Mr. Surawut Paravek Business owner Surawut Paravek Company Limited (Public Company) Financially Business Owner's Signature on
25-458: The eleven GICS sectors of the S&;P 500. Because the S&P 500 contains only four telecommunications companies, those companies are a part of the information technology SPDR, and that one fund represents those two sectors. SSGA also launched a number of index-based ETFs under the brand StreetTRACKS . These were renamed SPDRs in 2007. SSGA also manages ETFs that are sold on exchanges outside
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