Seeking Alpha

The PowerShares NYSE Century ETF is open for trading

  • Invesco's (IVZ) ETF management group, PowerShares, announced the launch of the NYSE Century Portfolio ETF (NYCC) earlier today.
  • By tracking companies that have been incorporated in the U.S. for at least 100 years, with a market cap of over a billion dollars and are currently trading on the NYSE or NASDAQ, this fund offers exposure to some of the strongest institutions available.
  • Other multi-cap U.S. ETFs: VTI, SCHB, ITOT, ONEQ, IYY, NYC, EXT, FVI, EUSA, FNDB, TOTS
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Comments (2)
  • Storm Warning
    , contributor
    Comments (163) | Send Message
     
    It would seem the First Trust Capital Strength ETF (FTCS) is a much better approach to investing in "strong institutions", although it sticks to NASDAQ listings and has a high expense ratio (no word here on NYCC's expense ratio which is probably similar). At least the rationale is more on target with FTCS.
    15 Jan 2014, 11:55 AM Reply Like
  • SimonSaysShort
    , contributor
    Comments (112) | Send Message
     
    NYCC expense ratio: .50%
    FTCS expense ratio: .65%
    FTCS does not stick exclusively to NASDAQ listings, rather it uses the NASDAQ US Benchmark Index.
    Both seem expensive just to own a bunch of domestic cash rich companies...
    15 Jan 2014, 12:21 PM Reply Like
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