PowerShares Debuts Old-Timers ETF

February 24, 2014

PowerShares debuted the PowerShares NYSE Century Portfolio (NYCC) in mid-January. The fund invests in companies that have been incorporated in the U.S. for at least 100 years, have been listed on a major U.S. securities exchange for at least 10 years, and have a market capitalization of at least $1 billion.

Its nearly 400 components are some of the oldest major public companies in the United States and include such names as Coca-Cola (founded 1886), Ford Motor (1903), US Steel (1901), Campbell Soup (1869) and AT&T (1885).

NYCC comes with an expense ratio of 0.50 percent.

 

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