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About DIA.
DIAMONDS (Symbol: DIA)
DIAMONDS trade on the AMEX (AMEX:
DIA). The DIAMONDS
Trust Series I 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 at that time.
- A purchase of shares in this single investment
vehicle gives the investor a participation in approx. 1/100th the
value of the Dow Jones 30 Industrial Averages. 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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