June 07, 2008 at 1:00 pm by Tom Lydon
Indicative of the overall well-being of the exchange traded fund (ETF) industry, PowerShares announced the launch of two funds, due June 12. These two new ETFs will track Nasdaq indexes:
- PowerShares NASDAQ-100 BuyWrite Portfolio (PQBW)
- PowerShares NASDAQ Internet Portfolio (PNQI)
The idea behind PQBW is to provide investors with a strategy to conveniently invest in the covered call strategy on the 100 largest non-financial companies on the Nasdaq, reports CNN Money. PNQI will rack the performance of the largest and most liquid U.S.-listed companies engaged in internet-related business.
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