Small Percentage of PowerShares Expected to Distribute Cap Gains

The Powershares S&P 500 BuyWrite Portfolio (NYSEArca: PBP) and the PowerShares KBW Bank Portfolio (NYSEArca: KBWB) are expected to only make short-term capital gains distributions, according to PowerShares.

The other seven ETFs on the list are the PowerShares KBW Capital Markets Portfolio (NYSEArca: KBWC), PowerShares NYSE Century Portfolio ETF (NYSEArca: NYCC), PowerShares KBW Property & Casualty Insurance Portfolio (NYSEArca: KBWP), PowerShares S&P 500 Downside Hedged Portfolio (NYSEArca: PHDG), PowerShares Dynamic Pharmaceuticals Portfolio (NYSEArca: PJP), PowerShares S&P SmallCap Consumer Staples Portfolio (NasdaqGS: PSCC) and the PowerShares S&P SmallCap Health Care Portfolio (NasdaqGS: PSCH).

Historically, PowerShares ETFs have not been large distributors of capital gains as “about 4.5% of our assets under management — have distributed capital gains since each fund’s respective inception. These distributions represent an average of just 0.69% of NAV,” according to a note published by the firm last month.

ETF Trends editorial team contributed to this article.