Diversify beyond tech: multi-sector Dow Jones ETF brings blue chips to Singapore

Quick Summary:

The price-weighted index tracks 30 prominent publicly traded blue-chip companies and is a more balanced approach to access the US economy as it places higher weightage on industries such as finance, healthcare and retail as compared with the other popular index, the S&P 500, which currently leans towards the tech sector.

SSGA, which opened its Singapore office in 2000, manages the SPDR Dow Jones Industrial Average ETF Trust.

The Singapore domiciled SPDR® S&P 500® ETF Trust (S27) was first listed on the SGX on 4/05/2001.6 The Magnificent 7 refers to Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla which are among the world’s most valuable companies by market capitalization.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Average Spdr Stocks Singapore Stock Djia Investment Units Trust Jones Industrial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 04:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1409 words

Reading Time: 8 minutes read

Sentences: 66 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22464102

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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Year Established: 1845

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Publisher ID: #25

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