PowerShares Takes Over Nasdaq 100, 4 BLDRs ETFs

PowerShares Capital Management, will soon be the sponsor for one of the most traded ETFs on the market, the Nasdaq 100 Trust (QQQQ). Nasdaq will give up the ETF today, March 21.

This ETF follows 100 of the largest non-financial companies listed on the exchange.

PowerShares will also handle four BLDRs ETFs based on the Bank of New York ADR Index. They include: BLDRs Emerging Markets 50 ADR (ADRE), BLDRs Developed Markets 100 ADR (ADRD), BLDRs Europe 100 ADR (ADRU) and BLDRs Asia 50 ADR (ADRA).

Travis Altman of TheStreet.com reports that these acquisitions will greatly add to PowerShares assets. None of the ticker symbols or expense ratios will change due to the transaction.