PowerShares is launching five new exchange traded funds (ETFs). The PowerShares Financial Preferred Portfolio is the first ETF that gives investors access to a portfolio of preferred securities. The PowerShares Value Line Industry Rotation Portfolio replicates the performance of the Value Line Industry Rotation Index, which includes the Timeless Ranking System. The system ranks a stock’s potential relative market performance in the year ahead, reports David Hoffman of InvestmentNews. The three PowerShares Dynamic portfolios are based on the Intellidex market-cap portfolios. The ETFs Are:
- PowerShares Financial Preferred Portfolio (PGF)
- PowerShares Dynamic Large-Cap (PJF)
- PowerShares Dynamic Mid-Cap (PJG)
- PowerShares Dynamic Small-Cap (PJM)
- PowerShares Value Line Industry Rotation (PYH)
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