SPDR S&P 500

ETF description

This ETF aims to track the performance of the S&P 500 Index, which includes 500 of the largest publicly traded companies in the United States. These companies span various sectors such as technology, healthcare, consumer goods, and financials, making it a broad representation of the U.S. stock market. The companies in the S&P 500 are generally large, established businesses with strong market positions, and they are often considered leaders in their respective industries.

For investors looking for exposure to the U.S. stock market, this ETF provides a way to invest in a wide range of sectors and companies with a single investment. It can be suitable for those who seek long‑term growth by investing in large‑cap companies that are typically more stable than smaller companies. This ETF could appeal to investors who want a simple and diversified way to invest in some of the most well‑known and influential companies in the U.S., and it is often used as a core holding in a diversified portfolio.

Issuer details

SPDR ETFs (Standard & Poor’s Depositary Receipts), managed by State Street Global Advisors, are among the largest and most recognized ETFs in the world, with over $1 trillion in assets under management as of June 2024. SPDR offers a broad range of ETFs covering various market segments, including equities, fixed income, sector‑specific funds, commodities, and ESG (Environmental, Social, Governance) investments. Launched in 1993 with the SPDR S&P 500 ETF (SPY), the first ever ETF, SPDR ETFs are known for their strong emphasis on liquidity, transparency, and robust research and analysis. Notable ETFs in their lineup include the SPDR S&P 500 ETF (SPY), SPDR Gold Shares (GLD), and SPDR Bloomberg Barclays High Yield Bond ETF (JNK), reflecting SPDR’s commitment to providing diverse and high‑quality investment options to meet the needs of various investors.

Index details

The S&P 500 index is a stock market index which measures the performance of 500 large companies listed on stock exchanges in the United States.

The index is weighted by market capitalisation, meaning that larger companies have a higher weight in the index, and a greater influence on the index’s performance. It is one of the most commonly followed equity indices, and is often used by investors as a benchmark for the overall performance of the U.S. stock market.