The Diamonds brand is made up of only one fund. This fund is one of the three major ETFs, and like the others it is known by its brand name.
The Diamonds fund tracks the DJIA, is traded at the AMEX, and goes by the ticker symbol DIA.
The asset value of a share of Diamonds is worth one dollar times one-hundredth of the DJIA. If the DJIA is at 9,000 points, one share is worth 90 dollars.
The Diamonds fund was created and developed by the AMEX. By the end of January 2003, an average of 10 million shares were traded daily.
Table 22 describes the DJIA’s annual yield since 1990.
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