Eleven new exchange traded funds launched on the American Stock Exchange from Powershares. These ETFs are based on Dynamic Intellidex indexes. The new ETFs are as follows:
PowerShares Dynamic MagniQuant Portfolio (PIQ)
PowerShares Dynamic Banking Portfolio (PJB)
PowerShares Dynamic Healthcare Services Portfolio (PTJ)
PowerShares Dynamic Basic Materials Sector Portfolio (PYZ)
PowerShares Dynamic Consumer Discretionary Sector Portfolio (PEZ)
PowerShares Dynamic Consumer Staples Sector Portfolio (PSL)
PowerShares Dynamic Energy Sector Portfolio (PXI)
PowerShares Dynamic Financial Sector Portfolio (PFI)
PowerShares Dynamic Industrials Sector Portfolio (PRN)
PowerShares Dynamic Healthcare Sector Portfolio (PTH)
PowerShares Dynamic Technology Sector Portfolio (PTF)
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.