Finance: What is SPDR?

What is a Spider Fund, and can it do whatever a spider can?

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Transcript

00:24

exchange traded fund is a closed and fund where all

00:27

the investments more or less or made up front and

00:30

then that fund just produces a net asset value price

00:34

each day each hour each minute as if it's one

00:37

stock comprised of say three hundred individual investments on the

00:41

list while spdr is just the brand name under which

00:44

the state street global advisors are marketed and investors well

00:49

generally love them and yeah now they've grown or from

00:52

nothing teo pretty darn big there see the chart and

00:55

they come with catchy subtitled names like the spd r

00:59

s and p bank e t f that was the

01:02

original title of moby dick A lot of people don't

01:04

know that let's say you just learn for free in

01:06

a month and no extra charge and they also have

01:08

funds called the spider portfolio short term corporate bon d

01:13

t f and the spider radioactive superpower fund Yeah that

01:18

that that last one isn't true Only in our dreams

01:21

we did invest in any way any way Here's a

01:23

full list quite a load So that's spdr it's not

01:26

a superhero or even a cantankerous iraq Just a really 00:01:31.506 --> [endTime] big yeah Where