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PowerShares Cleantech Portfolio goes global

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Exchange-traded fund provider Invesco PowerShares has announced the rebalancing of the PowerShares Cleantech Portfolio to include a 45 per cent weighting of non-US securities.
Exchange-traded fund provider Invesco PowerShares has announced the rebalancing of the PowerShares Cleantech Portfolio to include a 45 per cent weighting of non-US securities.

The fund’s underlying Cleantech Index now includes companies domiciled in countries including Canada, Philippines, Singapore, China, Japan, India, France, Germany, Spain, Switzerland, Denmark, the UK, Norway, Finland, Austria, Netherlands, Portugal, Hong Kong, Israel and Belgium.

The Cleantech Index seeks to track companies from a broad range of industry sectors that provide knowledge-based products or services which add economic value by reducing costs and raising productivity and/or product performance, while reducing the consumption of resources and the negative impact on the environment and public health.

The index focuses on companies that are leaders in the innovation and commercial deployment of products in a broad range of industries including alternative energy, energy efficiency and transmission, air and water purification, advanced materials, eco-friendly agriculture, transportation, manufacturing efficiency, recycling and pollution prevention.

Invesco PowerShares manages more than 100 US and international index-based and actively managed exchange-traded funds and had USD13.86bn in ETF assets under management at the end of April.

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