Powershares to unveil international ETFs

PowerShares will launch five new internationally focused ETFs on the American Stock Exchange tomorrow.
JUN 12, 2007
PowerShares Capital Management LLC will launch five new internationally focused exchange traded funds on the American Stock Exchange tomorrow. The funds—Global Water Portfolio (PIO), Global Energy Portfolio (PBD), Dynamic Asia Pacific Portfolio (PUA), Dynamic Europe Portfolio (PEH) and Dynamic Developed International Opportunities Portfolio (PFA)—bring the total number of PowerShares to 75. The Global Water Portfolio is based on the Palisades Global Water Index, which seeks to identify a group of companies that focus on potable water, the treatment of water and the technology and services that are directly related to global water consumption. The Global Clean Energy Portfolio is based on the WilderHill New Energy Global Innovation Index, which is made up of companies that focus on greener and renewable sources of energy and technologies facilitating cleaner energy. The Dynamic Asia Pacific and Dynamic Europe Portfolios seek to identity stocks in those regions that posses the greatest potential for capital appreciation. The Dynamic Developed International Opportunities Portfolio identifies global equities with strong potential for capital appreciation. The indexes are constructed using the QSG proprietary methodology, which evaluates, ranks and sorts more than 10,000 global securities using a model that is based on measures of expected outperformance. Each fund carries an expense ratio of 0.75%, except for the Dynamic Asia Pacific Portfolio, which carries an expense ratio 0.80%. PowerShares Capital Management is based in Wheaton, Ill.

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