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Four PowerShares ETFs launch on Bats ETF marketplace

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Four new PowerShares exchange traded funds have launched on the Bats ETF Marketplace.

The products comprise a range of multi-asset allocation portfolios.
 
The PowerShares Conservative Multi-Asset Allocation Portfolio (PSMC) seeks a total return consistent with a lower level of risk relative to the broad stock market.
 
The PowerShares Moderately Conservative Multi-Asset Allocation Portfolio (PSMM) seeks to provide current income and some capital appreciation.
 
The PowerShares Balanced Multi-Asset Allocation Portfolio (PSMB) seeks to provide current income and capital appreciation.
 
The PowerShares Growth Multi-Asset Allocation Portfolio (PSMG) seeks to provide long-term capital appreciation.
 
There are now 155 ETFs listed on Bats ETF Marketplace, from 27 different issuers.

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