PowerShares ETFs Get New Tickers | ETF Trends

The PowerShares Small-Cap Sector exchange traded funds (ETFs) will begin trading under new tickers today. PowerShares has elected to change the tickers of some of their ETFs to help investors differentiate their product from the SPDRs. [Asset Class ETFs: Small, Medium and Large.]  In addition, the ETF tracking Nasdaq 100 index, known as the “Cubes”, gets a change too.

Everything about the funds is to remain the same, only the ticker symbols will change. Nine of the small-cap sector ETFs will become:

  • PowerShares S&P SmallCap Consumer Discretionary was XLYS, will become PSCD
  • PowerShares S&P SmallCap Consumer Staples was XLPS, will become PSCC
  • PowerShares S&P SmallCap Energy was XLES, will become PSCE
  • PowerShares S&P SmallCap Financials was XLFS, will become PSCF
  • PowerShares S&P SmallCap Health Care was XLVS, will become PSCH
  • PowerShares S&P SmallCap Industrials was XLIS, will become PSCI
  • PowerShares S&P SmallCap Information Technology was XLKS, will become PSCT
  • PowerShares S&P SmallCap Materials was XLBS, will become PSCM
  • PowerShares S&P SmallCap Utilities & Telecom Services was XLUS, will become PSCU
  • PowerShares QQQ Trust Series 1 was QQQQ, will become QQQ

The small cap lineup has become increasingly popular since its launch in April 2010. Assets under management now total over $530 million and year-to-date net flows have reached over $180 million as of Mar. 15, 2011.

Investors use these funds for sector rotation strategies, as a pair for trade instruments, for long or short hedging tools and for transition management or cash equitization. [PowerShares To Change Tickers on Small-Cap ETFs.]

Tisha Guerrero contributed to this article.

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.