diamonds
Definition
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.
diamonds is in the Banking, Commerce & Finance and Investing subjects.
diamonds appears in the definitions of the following terms: carat, guest house and paradox of value
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