Invesco PowerShares has filed with the Securities and Exchange Commission to launch five equity exchange traded funds (ETFs) based on the S&P 500 that will cover more sophisticated playing styles.
The new ETF filings will include different facets of the investment world, including beta, volatility and momentum, writes Olivier Ludwig for IndexUniverse. No ticker symbols have been specified as of yet.
- The Powershares S&P 500 High Beta Portfolio
- The PowerShares S&P 500 Low Beta Portfolio
- The PowerShares S&P 500 High Momentum Portfolio
- The PowerShares S&P 500 High Volatility Portfolio
- The PowerShares S&P 500 Low Volatility Portfolio
250 stocks from the S&P 500 Index with the highest and lowest sensitivity to market movements over a trailing 12 months will be used in the high- and low-beta ETFs.
100 stocks from the S&P 500 Index with the highest percentage price gains over a trailing 12 months will be included in the high momentum ETFs.
250 stocks from the S&P 500 Index with the highest and lowest realized volatility over a trailing 12 months will be in the high- and low-volatility ETFs.
For more information on the S&P 500, visit our S&P 500 category.
Max Chen contributed to this article.
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