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product tracking an international stock index, Sections 2, 3, and 4 are more focused on a typical ETF product tracking a bond index, currency and commodity.
In 2001 the NYSE announced its request for regulatory approval for three active ETFs tracking international indexes, the Nasdaq-100 Trust Series Ι (“QQQ”), the Standard and Poor’s Depository Receipt Trust Series Ι (“SPY”) and the Dow Jones Industrial Average Trust Series Ι (“DIA”). Although these securities generated together an average daily trading volume of more than 4 $ billion, we have decided to focus the analysis of this section on the ETF SPY, the first successful ETF product tracking a stock index released by American Stock Exchange2 and characterised by an almost continuous average annual growth in assets since its inception. Designed to mirror the S&P 500 index by holding the same component stocks and matching its weighting scheme, this ETF stock index is structured to duplicate as closely as possible, before expenses, the total returns of the S&P 500 Index as confirmed by its share price structure corresponding to 1/10th of the S&P 500 index value. As a result of this underlying characteristic, the ETF SPY can offer potential investors a wide range of opportunities ranging from establishing long-term investments in the market performance of the leading companies to custom tailor asset allocations. However although this index seeks investment results corresponding generally to the price and yield performance of the S&P 500 index, there is no assurance that the performance of the S&P 500 Index can be fully matched. Exhibit N. 1 displays a summary of the performance of ETF SPY in the past five years detailing both its 52 week range and current value as at December 3rd, 2009. The first part of this exhibit identifies an intense volatility in line with other ETFs tracking indexes and generating a large disparity gap particularly during 2008 and 2009. Such a discrepancy which normally
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The above study aims at analyzing both the short and long-term shareholder wealth effect that resulted from Aqua’s Initial public offering on the London stock exchange which investigate the effect on the company’s share price following an inclusion to or exclusion from the S&P 500.
There are various reasons for outsourcing. The company that outsource can be able to reduce the cost of production, acquire modern technology, improve quality of its products, reduce tax, penetrate market quickly and to increase their production capacity (Casale, 2008).
port, 2011 p.1) Vision It is the "vision of transforming Citi into the world's digital bank" as described by Vikram Pandit, the CEO of the company (Annual Report, 2011, p.12). Major Stakeholders Citi's major stakeholders are institutions and mutual funds that own 63% of the company’s holding and their numbers account for 1004 (Yahoo, 2012).
Ford Motors is regarded as the premier automotive company in the global automotive industry catering the diverse range of consumers all around the globe. Keeping in pace with the globalization, the company has expanded into a giant multinational by launching its business in other frontiers.
The firm operates over 17,651 stores across 60 countries. The CEO and chairman of Starbucks Cafe is Howard Schultz. The mission of the company is to inspire and nurture human spirit – one person, one cup, and one neighborhood at a time (Starbucks, 2012).
In fact, the largest net asset by market was accounted to large cap with more than 200 billion dollars (Ergungor 2). This paper endeavors to depict the Brazilian and United States’ currencies and evaluate the macroeconomic facets in line with their ETFs.
Keeping in pace with the globalization, the company has expanded into a giant multinational by launching its business in other frontiers. As per the latest audited financial statement of the company (for the financial year ended 201), the company
Ultra ProShares and Direxion Shares are leveraged ETFs (Exchange-Traded Funds) premeditated to seek daily investment outcomes, prior to fees and expenses, of 3x of the performance or 300% / 3x of the contrary of the operation
Foreign exchange risk is the risk that investments or rather an assets, goods and services dominated in foreign currency will lose the value as a result of unfavorable movements in the exchange rates between the foreign currency and domestic currency affecting the product or service in question.
13 Pages(3250 words)Research Paper
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