PowerShares Launchs Eight New Industry ETFs | ETF Trends

PowerShares is set to launch eight new industry ETFs to increase their number of sector ETFs to fifteen. In addition to some conventional industry groups like utilities, retail, energy and defense; PowerShares is aiming at a few smaller slices of the pie by introducing insurance and nanotechnology coverage. No a bad strategy. All they need is one or two of these sectors to show some sustained strength and they’ll attract additional assets. More assets, more ETFs.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.