Diamonds - Investment & Finance Definition
Jargon for DIAMONDS Trust Series 1, which is a unit investment trust that holds all 30 stocks in the Dow Jones Industrial Average. Diamonds attempt to produce investment results that correspond to the price and yield performance of the Dow Jones Industrial Average. Diamonds are traded on the American Stock Exchange (AMEX).Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.