PowerShares Multi-Strategy Alternative Portfolio ETF (LALT) - NASDAQ
LALT Description
The PowerShares Multi-Strategy Alternative Portfolio (Fund) is an actively managed exchange-traded fund (ETF) that seeks to achieve a positive total return with low correlation to the broader securities markets by investing in a combination of equity securities, financial futures contracts, forward currency contracts and other securities. Invesco Advisers, Inc., the sub-adviser to the Fund (Sub-Adviser), selects investments for inclusion in the Fund's portfolio with reference to the components of the Morgan Stanley Multi-Strategy Alternative Index (Benchmark) through a quantitative process that seeks to exceed the Benchmark's performance. The Benchmark was developed by the Sales & Trading Division of the Institutional Securities Group of Morgan Stanley and includes a combination of quantitative, rules-based strategies (Benchmark Strategies) aimed to capture non-traditional risk premia across equities, rates, currencies and volatility markets.
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