The Morgan Stanley Multi-Strategy Alternative Index employs quantitative, rules-based strategies and has previously been offered to institutional investors.
“Anticipating an unwinding of historic central bank intervention, the stock and bond markets have greater potential to experience heightened volatility against a backdrop of subpar growth. In such an environment, a multi-strategy alternative solution may be able to help investors navigate through more challenging market environments by reducing the volatility of returns and mitigate drawdowns,” said PowerShares in the statement.
Other new ETFs introduced by PowerShares this year include the PowerShares NYSE Century Portfolio (NYSEArca: NYCC), PowerShares International BuyBack Achievers Portfolio (NasdaqGM: IPKW) and the most recent addition, the PowerShares Variable Rate Preferred Portfolio Fund (NYSEArca: VRP). [New Variable Rate ETF Debuts]
ETF Trends editorial team contributed to this post.