An Intellidex is a

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

product created by and proprietary to the American Stock Exchange. Intellidexes are created by analyzing groups of

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

s and selecting specific stocks to include in an investment portfolio. These portfolios range from narrow to broad in scope and are usually created based on criteria matching the market as a whole, specific investment styles, or certain industry sectors. Intellidexes and similar products, like

exchange-traded fund An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or comm ...

s, are usually traded like normal listed or over-the-counter securities.

References

Stock market Investment Derivatives (finance) {{econ-stub