MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, June 16, 2005 PowerShares Partners with Amex for More ETFs Eight of PowerShares' sector-specific ETFs are expected to trade on Thursday, June 23. The niche ETF firm filed for the funds in July of 2004. The eight funds are based on eight of the American Stock Exchange's newly launched intelligent indexes, called "Intellidexes." The eight funds are: PowerShares Dynamic Pharamaceutical PowerShares Dynamic Biotech & Genome PowerShares Dynamic Food & Beverage PowerShares Dynamic Leisure & Entertainment PowerShares Dynamic Media PowerShares Dynamic Networking PowerShares Dynamic Semiconductor PowerShares Dynamic Software The American Stock Exchange developed the Intellidex indexes with the help of Revere Data, a financial data and services firm. PowerShares previously launched ETFs based on other Amex-developed Intellidexes. Intellidexes are " calculated using a modified, equal-dollar weighting methodology, which is applied to 30 stocks selected from targeted industry universes based on Revere Data's proprietary research. They are designed to identify stocks from a given market segment that have capital appreciation potential using the Amex's proprietary Intellidex stock selection and portfolio construction methodology," stated Amex officials in an early June press release. "Eligible companies are ranked quarterly, based on criteria including fundamentals, valuation, timeliness and risk factors - which then are selected based on cumulative score," stated Amex officials in the release. Printed from: MFWire.com/story.asp?s=9910 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |