Adding onto the growing interest for low-volatility exchange traded fund strategies, Invesco PowerShares is planning two more low-volatility products that slice into the U.S. equity market.
According to a recent SEC filing, PowerShares is working on the PowerShares S&P 400 Low Volatility Portfolio and PowerShares S&P 600 Low Volatility Portfolio. No tickers or expense ratios were provided.
The S&P 400 Low Volatility Portfolio will try to reflect the performance of the S&P MidCap 400 Low Volatility Index, which include 80 securities that have the lowest volatility over the past 12 months out of the 400 medium capitalization securities.
The S&P 600 Low Volatility Portfolio tries to reflect the performance of the S&P SmallCap 600 Low Volatility Index, which include 120 securities that have the lowest volatility over the past 12 months out of the 600 small capitalization securities.
The two proposed funds will add to the firm’s highly successful PowerShares S&P 500 Low Volatility Portfolio (NYSEArca: SPLV), which launched in early 2011 and has since gathered $3.2 billion in assets.