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creation unit Finance Definition

The number of shares in an exchange traded fund (ETF). An ETF is similar to a mutual fund, but it has the objective of achieving the same return as a particular market index. The size of the creation unit varies by fund and ranges from 25,000 to 600,000 shares. Participants engaging in the creation and redemption process are charged a fee, which varies. One well-known ETF is Spiders, or SPDRs, which invests in all the stocks included in the S&P 500 Composite Stock Price Index.

Browse dictionary entries near creation unit

  1. ‹ creation science
  2. ‹ creation
  3. ‹ creatinine
  4. ‹ creatine
  5. ‹ create
  6. ‹ crease
  7. ‹ creamy
  8. ‹ creamware
  9. ‹ creamery
  10. ‹ creamer
  1. creationism ›
  2. creative ›
  3. creative accounting ›
  4. creativity ›
  5. creator ›
  6. creature ›
  7. creature comfort ›
  8. credal ›
  9. credence ›
  10. credenda ›