Diamonds

Diamonds,

Definition of Diamonds:

  1. A precious stone consisting of a clear and colourless crystalline form of pure carbon, the hardest naturally occurring substance.

  2. A figure with four straight sides of equal length forming two opposite acute angles and two opposite obtuse angles; a rhombus.

  3. Units (shares) of the diamond investment trust (a unit investment trust or closed end mutual fund) that holds the 30 stocks comprising the Dow Jones Industrial Average (DJIA). Diamonds trade on the American Stock Exchange (AMEX) at a price about one percent the current level of the DJIA, and pay monthly dividend and annual capital gains distributions.

Synonyms of Diamonds

Rhombus, Diamond shape, Diamond, Diamond, Precious stone, Jewel

How to use Diamonds in a sentence?

  1. A diamond ring.
  2. A sweater with a pale-blue diamond pattern.

Meaning of Diamonds & Diamonds Definition

Diamonds,

Diamonds:

A simple definition of Diamonds is: Dow Jones is the informal term for the Exchange Trade Index (ETF) fund known as the SPDR Industry Average ETF. Diamond ETFs are traded on the NYSE Arca under code DIA. The purpose of the ETF is to generate profits that reflect the value and performance of the Dow Jones Industrial Average (DJIA).

  • The SPDR Dow Jones Industrial Average ETF is dialectically known as the Diamond ETF, also known as the Dow Jones Diamond Index.
  • Since its inception in 1998, the Diamond ETF has become popular with investors as the Dow Jones Industrial Average yields almost the same returns as the owners of individual shares.
  • Owning diamond shares allows investors to achieve DJIA diversification with relatively low transaction costs.