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In 1998, SSGA and Merrill Lynch introduced the Sector Spiders, which now consist of ten funds which follow the eleven GICS sectors of the S&P 500. [ 8 ] [ 9 ] 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.
The Standard & Poor's Depositary Receipts were launched by Boston asset manager State Street Global Advisors (SSGA) on January 22, 1993, as the first exchange-traded fund in the United States (preceded by the short-lived Index Participation Shares that launched in 1989); and are part of the SPDRs ETF chain.
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, and it was briefly the largest. [1] [2] [3] As of the close of 2014, it dropped out of the top ten. [4]
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Within equity funds are small-cap funds, large-cap funds, value funds, growth funds, and more. Index funds One of the most popular kind of fund is an index fund , which buys a preset collection of ...
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
Glenview Capital Management is a hedge fund founded in 2000 with approximately $7.7 billion of capital under management as of March 2019. [5] Glenview manages capital for investors through a series of private investment funds. [1] [4] The firm was founded by Larry Robbins, the firm's CEO and portfolio manager, and is based in New York. [2] [7]
The "passivity" agreement FDIC wants BlackRock to sign is designed to assure bank regulators that the giant money manager will remain a "passive" owner of an FDIC-supervised bank and won’t exert ...