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What
are DIAMONDS?
DIAMONDS (Symbol: DIA)
DIAMONDS
trade on the AMEX
(AMEX: DIA).
The DIAMONDS Trust Series is a pooled investment designed to provide
investment results that generally correspond to the price and yield
performance, before fees and expenses, of the
Dow Jones Industrial
Average. There is no assurance that the price and yield performance of the
Dow Jones Industrial Average can be fully matched.
Quote for DIAMONDS: DIA
Trading DIAMONDS:
- In January 1998, the AMEX launched DIAMONDS, a unit investment
trust based on the Dow Jones Industrial Average. DIAMONDS allow
investors to buy or sell shares in an entire portfolio of the Dow
Jones Industrial Average stocks as easily as they do shares of a
single stock.
- Trading more than 1.7 million shares on its first
day of listing, DIAMONDS enjoyed the most successful launch of any
exchange product in AMEX history until that time.
- A purchase of shares in this single investment
vehicle gives the investor a participation in approximately 1/100th the
value of the Dow Jones 30 Industrial Average. When people are
discussing "the market" they are usually referring to the 30
Industrials, the oldest index by far. Diamonds track the market. With
the Dow at 10,000 the Diamonds sell at about $100 per share.
- DIAMONDS are Exchange-traded securities that represent ownership
in the DIAMONDS Trust, a long-term unit investment trust established
to accumulate and hold a portfolio of the common stocks that comprise
the Dow Jones Industrial Average.
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