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Home > Company Index > Financial Services > Miscellaneous Financial Services > SPDR Trust, Series 1

SPDR Trust, Series 1
AMEX: SPY
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 NEWS FROM THE WIRES
Amex keeps title in first round of ETF fight
Aug 03 2001 11:57 AM PDT

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 PROFILE
Arachnophobic investors need not apply. The SPDR Trust, Series 1 is a unit investment trust that issues Standard & Poor's Depositary Receipts (SPDRs or "spiders"), a tracking stock for the Standard & Poor's 500 Composite Stock Price Index (the S&P 500) consisting of the US's largest companies. SPDRs are worth about one-tenth of the index and are designed to mirror its daily undulations. Some of the trust's most heavily weighted components are General Electric, Cisco Systems, Microsoft, Exxon Mobil, Pfizer, and Intel. Standard & Poor's, a subsidiary of publisher McGraw-Hill, is not affiliated with The SPDR Trust but does receive trademark licensing fees. The tracking stock has started trading on the NYSE as well.

 COMPETITION
Barclays PLC (BCS)
USAA (dossier)
The Vanguard Group, Inc. (dossier)

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 KEY PEOPLE
• Chris Sweeney
    CEO

 CONTACT INFO
PDR Services LLC c/o The American Stock Exchange LLC
New York, NY 10006
US
Phone: 212-306-1490
Fax: -
Online: Web Site

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