PowerShares Plans Five Specialized Stock ETFs

October 22, 2010

Invesco PowerShares, the Wheaton, Ill.-based exchange-traded fund firm best known for its PowerShares QQQ ETF of the 100-biggest Nasdaq companies, filed papers with the Securities and Exchange Commission to market five equity ETFs designed around different facets of the investment world, including beta, volatility and momentum.

  • The PowerShares S&P 500 High Beta Portfolio
  • The PowerShares S&P 500 Low Beta Portfolio
  • The PowerShares S&P 500 High Momentum Portfolio
  • The PowerShares S&P 500 High Volatility Portfolio
  • The PowerShares S&P 500 Low Volatility Portfolio

 

The high- and low-beta-focused ETFs funds are designed around S&P indexes of 250 stocks from the S&P 500 Index that have the highest and lowest sensitivity to market movements over the trailing 12 months, the filing said.

The high-momentum ETF will be based on an S&P index of 100 stocks from the S&P 500 Index that have the highest percentage price gains in the trailing 12 months.

The high- and low-volatility funds are designed around S&P indexes of 250 stocks from the S&P 500 Index that have the highest and lowest realized volatility over the trailing 12 months, according to the filing.

PowerShares didn’t specify ticker symbols or expense ratios in the filing, but did say the ETFs would be listed on Arca, the New York Stock Exchange’s electronic trading platform.

 

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