PowerShares Lux Nanotech Portfolio ETFNYSEARCA
Apr. 15, 2014, 1:49 PM
- While broader equity markets are only seeing modest declines, tech stocks aren't so lucky. The Nasdaq-100 (QQQ -0.8%) had its lowest print since October this morning before recovering slightly.
- Chinese tech stocks (KWEB -4.3%), including 2013 solar high-flyers (TAN -4.2%), are especially hard-hit following a Shanghai selloff triggered by PBOC withdrawals. Other Internet (PNQI -2.3%) and social media (SOCL -2%) stocks aren't faring much better.
- Will earnings season come to the rescue? Intel and Yahoo report after the bell today, and Google and IBM after the bell tomorrow.
- Tech ETFs: XLK, VGT, FDN, ROBO, SOXL, SKYY, TECL, USD, SMH, IPK, IYW, ROM, TDIV, SOXS, SOXX, KWT, TECS, XSD, IXN, IGV, FTEC, RYT, IGM, PXN, QTEC, PSCT, FXL, IGN, PSI, SSG, MTK, REW, PXQ, XSW, FONE, PSJ, AAIT, PTF, CQQQ, QQQC
- Update: Tech stocks rallied in the final hours of trading. The Nasdaq closed up 0.3%.
Feb. 19, 2014, 12:51 PM
- Invesco (IVZ) PowerShares announced that it will be shutting down 4 ETFs that had failed to gain traction in order to make way for new funds.
- The PowerShares KBW International Financial Portfolio (KBWX), MENA Frontier Countries Portfolio (PMNA), Dynamic MagniQuant Portfolio (PIQ) and Lux Nanotech Portfolio (PXN) will all close at the end of trading today.
- In totally these ETFs each had at least 3 years of trading, with PXN launching in 2005, but together had only $67 million in total assets.
- Related ETFs: PDP, QUAL, PWO, SIZE, IPF, IXG, AXFN, GAF
Dec. 19, 2013, 11:00 AM
- The Invesco (IVZ) PowerShares Board of Trustees recently announced plans to make major changes to 10 funds, while shuttering 4 funds in early 2014.
- ETFs approved to undergo name, investment objective, underlying index, and investment policy and strategy changes in February 19th: PWO, PYZ, PEZ, PSL, PXI, PFI, PTH, PRN, PTF, PUI
- ETFs which will be shut down February 18th: KBWX, PMNA, PIQ, PXN
Sep. 27, 2011, 2:37 PMIBM and Intel (INTC +2.6%) plan to invest $4.4B over 5 years to create a nanotech R&D hub in New York, according to NY Governor Cuomo - whose state will add $400M to the kitty in support. The project will focus on creating chips of a length of one nanometer - one twenty-five millionth of an inch - to power systems from supercomputers to smartphones. | Sep. 27, 2011, 2:37 PM