SPDR funds (pronounced "spider") are a family of

exchange-traded fund An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout th ...

s (ETFs) traded in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

Mexico Mexico (Spanish language, Spanish: México), officially the United Mexican States, is a List of sovereign states, country in the southern portion of North America. It is borders of Mexico, bordered to the north by the United States; to the so ...

and

Asia-Pacific Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Paci ...

and managed by

State Street Global Advisors State Street Global Advisors (SSGA) is the investment management division of State Street Corporation and the world's fourth largest asset manager, with nearly $4.14 trillion (USD) in assets under management as of 31 December 2021. The comp ...

(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 S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financ ...

. 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 The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of ...

stock market index. For a long time, the SPDR S&P 500 was the largest ETF in the world. SSGA also manage the

SPDR Gold Shares SPDR Gold Shares (also known as SPDR Gold Trust) is part of the SPDR family of exchange-traded funds (ETFs) managed and marketed by State Street Global Advisors. For a few years, the fund was the second-largest exchange-traded fund in the world, an ...

, which for a while was the second-largest ETF in the world. As of August 2012, they were the first and second largest exchange-traded products in the world. The funds are formulated as

unit investment trust In U.S. financial law, a unit investment trust (UIT) is an investment product offering a fixed (unmanaged) portfolio of securities having a definite life. Unlike open-end and closed-end investment companies, a UIT has no board of directors. A ...

s. 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 the

Dow Jones Industrial Average The Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (), is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity inde ...

. 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 iShares is a collection of exchange-traded funds (ETFs) managed by BlackRock, which acquired the brand and business from Barclays in 2009. The first iShares ETFs were known as World Equity Benchmark Shares (WEBS) but have since been rebranded. ...

and

Vanguard The vanguard (also called the advance guard) is the leading part of an advancing military formation. It has a number of functions, including seeking out the enemy and securing ground in advance of the main force. History The vanguard derives f ...

, with assets of $714 bn.

Other funds

In 1995, Mid-Cap SPDRs were launched by the

Bank of New York The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Finan ...

to track

Standard & Poor's S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is con ...

S&P 400 The S&P MidCap 400 Index, more commonly known as the S&P 400, is a stock market index from S&P Dow Jones Indices. The index serves as a gauge for the U.S. mid-cap equities sector and is the most widely followed mid-cap index. To be included in ...

index of middle-market equity shares. The DIAMONDS were developed, like the original SPDR, by SSGA in cooperation with the

American Stock Exchange NYSE American, formerly known as the American Stock Exchange (AMEX), and more recently as NYSE MKT, is an American stock exchange situated in New York City. AMEX was previously a mutual organization, owned by its members. Until 1953, it was know ...

. DOW DIAMOND shares are designed to track the

. In 1998, SSGA and

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment ba ...

introduced the ''Sector Spiders'', which now consist of ten funds which follow the eleven GICS sectors of the S&P 500.Ferri, Richard A. (2008). ''The ETF Book'', John Wiley and Sons, 191 . 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 the United States. In Australia SSGA manages three SPDR branded ETFs. They are listed on the

Australian Securities Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as ...

and are the following: * S&P/ASX 50 Fund (50 top market cap stocks) *

S&P/ASX 200 The S&P/ASX 200 index is a market-capitalization weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australi ...

Fund (200 top market cap stocks) * S&P/ASX 200 A-REIT Property Fund (200 Listed Property Fund)

Selected funds

*Dow Jones Global Real Estate ETF *Dow Jones Global Titans ETF *Dow Jones International Real Estate ETF *Dow Jones REIT ETF *Dow Jones STOXX 50 ETF *Dow Jones EURO STOXX 50 ETF *Dow Diamonds (SGX:D07) - ''Tracks

'' *S&P 500 ETF (SGX:S27) - ''Tracks

S&P 500 Index The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 large companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. As of D ...

'' *S&P Biotech ETF *S&P BRIC 40 ETF *S&P China ETF *S&P Dividend ETF *S&P Pharmaceuticals ETF *S&P Retail ETF *S&P Homebuilders ETF *S&P Emerging Asia Pacific ETF *S&P Emerging Markets ETF *S&P Emerging Markets Small Cap ETF *S&P MidCap 400 ETF *S&P International Small Cap ETF *S&P International Consumer Discretionary Sector ETF *S&P International Consumer Staples Sector ETF *S&P International Dividend ETF *S&P International Energy Sector ETF *S&P International Financial Sector ETF *S&P International Health Care Sector ETF *S&P International Industrial Sector ETF *S&P International Materials Sector ETF *S&P International Technology Sector ETF *S&P International Telecommunications Sector ETF *S&P International Utilities Sector ETF *S&P Metals and Mining ETF *S&P Oil & Gas Equipment & Services ETF *S&P Oil & Gas Exploration & Production ETF *S&P Semiconductor ETF *S&P World ex-US ETF *Barclays Capital 1-3 Month T-Bill ETF *Barclays Capital Aggregate Bond ETF *Barclays Capital Convertible Secs *Barclays Capital Municipal Bond ETF *Barclays Capital Short Term Municipal Bond ETF *Barclays Capital Short Term International Treasury Bond ETF *Barclays Capital High Yield Bond ETF *Barclays Capital Intermediate Term Credit Bond ETF *Barclays Capital Intermediate Term Treasury ETF *Barclays Capital International Treasury Bond ETF *Barclays Capital Long Term Credit Bond ETF *Barclays Capital Mortgage Backed Bond ETF *BarCap ST High Yield Bond ETF *Barclays Capital TIPS ETF *Consumer Discretionary Select Sector SPDR Fund *Consumer Staples Select Sector SPDR Fund *DB International Government Inflation-Protected Bond ETF *Energy Select Sector SPDR Fund *Financial Select Sector SPDR Fund *FTSE Greater China ETF (HKEx:3073) *Gold Shares (HKEx:2840) (SGX:O87) *Health Care Select Sector SPDR Fund *Industrial Select Sector SPDR Fund *KBW Bank ETF *KBW Capital Markets ETF *KBW Regional Banking ETF *KBW Insurance ETF *Materials Select Sector SPDR Fund *Morgan Stanley Technology ETF *MSCI ACWI ex-US ETF *Russell/Nomura PRIME Japan ETF *Straits Times Index ETF (SGX:ES3) *Technology Select SPDR Fund *Utilities Select Sector SPDR Fund

References

External links

SPDRsSPDR Gold Trust Volume Charts
{{DEFAULTSORT:Spdr Financial services companies established in 1993 Companies listed on the New York Stock Exchange S&P Global Exchange-traded funds

Other funds

Selected funds

See also

References

External links