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Portfolio Depositary Receipt

 
Financial & Investment Dictionary: Portfolio Depositary Receipt

One of two broad categories of Exchange-Traded Funds, based on four widely used indices: Spdrs, based on Standard & Poor's 500 Composite Stock Price Index; MidCap SPDRs, based on the S&P MidCap 400 Index; the Nasdaq-100 Index Tracking Stock SM; and Diamonds, based on the Dow Jones Industrial Averages. See also Exchange-Traded Funds; Index Shares.

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Financial & Investment Dictionary. Dictionary of Finance and Investment Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more