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PowerShares launches Nasdaq NextQ and FTSE Nasdaq Small Cap portfolios


Exchange-traded fund provider Invesco PowerShares Capital Management has launched the PowerShares Nasdaq NextQ and PowerShares FTSE Nasdaq Small Cap portfolios on the Nasdaq Stock Market.<

Exchange-traded fund provider Invesco PowerShares Capital Management has launched the PowerShares Nasdaq NextQ and PowerShares FTSE Nasdaq Small Cap portfolios on the Nasdaq Stock Market.

‘We are pleased to be back at the Nasdaq Stock Market celebrating the listing of two new innovative ETF portfolios,’ says PowerShares president and chief executive Bruce Bond. ‘Today’s listings bring the total number of PowerShares portfolios to more than 110, making our ETF line-up one of the broadest and most comprehensive in the world.’

The PowerShares Nasdaq NextQ Portfolio is based on the Nasdaq Q-50 Index, which is designed to track the performance of the 50 stocks next in line to replace the current constituents of the Nasdaq 100 Index.

The index includes companies in non-financial industry groups including computer hardware and software, telecommunications, retail and wholesale trade and biotechnology, and is adjusted quarterly.

The PowerShares FTSE Nasdaq Small Cap Portfolio is based on the FTSE Nasdaq Small Cap Index, which seeks to track the performance of the smallest 10 per cent of companies in the FTSE Nasdaq Index universe of listed companies ranked by market capitalisation.

Securities eligible for inclusion in the index include common stock, American depositary receipts and real estate investment trusts. The constituents of the index are float-adjusted market capitalisation-weighted, and selected on an annual basis.

PowerShares, which has franchise assets under management of more than USD35bn, has also launched the PowerShares Global Nuclear Energy Portfolio ETF on the NYSE Arca trading platform.

Based on the WNA Nuclear Energy Index, the fund aims to track the overall performance of globally traded companies that are engaged in the nuclear energy industry in sector including reactors, utilities, construction, technology, equipment, service providers and fuels.

The listing gives NYSE Arca 251 primary ETF and 43 exchange-traded note listings, and the market trades all other eligible ETFs on an unlisted trading privileges basis. Last year NYSE Arca added 122 new ETFs and ETNs to its roster of primary listings, including 101 IPOs.

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