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PowerShares lists DB Optimum Yield Diversified Commodity Strategy Portfolio on Nasdaq

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Invesco PowerShares has listed a new exchange-traded fund, PowerShares DB Optimum Yield Diversified Commodity Strategy Portfolio (PDBC), on The Nasdaq Stock Market.

PDBC began trading on 7 November 2014.
 
“Invesco PowerShares has enjoyed a long and successful relationship with Nasdaq,” says Dan Draper, head of Invesco PowerShares. “We’re pleased to once again work with Nasdaq for today’s listing of our newest smart beta ETF.”
 
PDBC expands Invesco PowerShares’ suite of smart beta exchange-traded funds to 82 portfolios.
 
“PDBC provides broad and efficient exposure to commodities with the added benefit of eliminating Scheduled K-1 requirements,” says Lorraine Wang, Invesco PowerShares head of global ETF products and research. “Institutional investors allocate commodities into portfolios as an inflation hedge, and for the benefit of low correlation to stocks and bonds.”
 
PDBC seeks to outperform its benchmark through actively managed investments in commodity-linked futures contracts. PDBC provides exposure to components of the DBIQ Optimum Yield Diversified Commodity Index Excess Return (Benchmark) which is composed of futures contracts on 14 heavily traded commodities across the energy, precious metals, industrial metals and agriculture sectors.
 
“We are delighted to welcome PowerShares’ new exchange-traded fund to their product suite listed on The Nasdaq Stock Market,” says Walt Smith, vice president, head of US equities at Nasdaq. “We value our partnership with Invesco PowerShares and will continue to offer our end-to-end support as they expand their innovative product offering.”

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