PowerShares Global Steel Portfolio ETF (PSTL) - NASDAQ
PSTL is defunct since February 26, 2013. Lack of investor interest
PSTL Description
The PowerShares Global Steel Portfolio (Fund) is based on the NASDAQ OMX Global Steel IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs and GDRs based on the securities in the Index. The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in the manufacturing and storage of iron and steel products. The Index is rebalanced quarterly using a modified, market-cap-weighted methodology.
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