This action might not be possible to undo. Are you sure you want to continue?
mutual fund company offering many mutual funds, for various objectives. Usually, investors can move assetsbetween different funds of a fund family at little or no cost, and can receive a single statement describing theirholdings in all the funds in the fund family. also called family of funds or mutual fund family.
Standard & Poor's Depositary Receipt
SPDR. Shares of a security designed to track the value of the S&P 500. Spiders trade on the American Stock Exchange under the symbol SPY. One SPDR unit is valued at approximately one-tenth of the value of the S&P 500. Dividends are distributed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust. also called SPDRs or Spiders.
self-directed retirement account
A retirement account in which an investor designates an account custodian but still makes his/her owndecisions about what stocks, bonds, and mutual funds to buy. These accounts are usually set up at abrokerage, and the investor is often charged an amount above trading costs for operating a self-directed IRA.
Option in one currency, but which pays out in another. Quanto options are usually used in cases when investorsare confident of the underlying asset's performance, but are not confident of the performance of the currency which the underlying is denominated in.