NYSE Euronext and Invesco PowerShares Capital Management are launching the PowerShares NYSE Century Portfolio (NYCC) on NYSE Arca.
NYCC is based on the NYSE Century Index, which includes US companies that have been incorporated for at least 100 years are listed on a US exchange and have a market capitalisation of at least USD1bn.
“The PowerShares NYSE Century Portfolio invests in household names that have defined the American economy for more than a century,” says Martin L Flanagan, president and CEO of Invesco. We believe NYCC offers investors targeted exposure to companies that have demonstrated the ability to innovate, transform and grow through decades of varying economic cycles, political conditions and social change.”
"We are very pleased to list the PowerShares NYSE Century Portfolio on NYSE Arca,” says Duncan L Niederauer (pictured), president of ICE and CEO of New York Stock Exchange. “NYCC unlocks the investment potential of the NYSE Century Index, providing investors with exposure to the leadership, stability and sound business execution of the NYSE Century Club, a community of US companies that have demonstrated longevity and contributed to economic and social progress for more than 100 years.”