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PowerShares S&P 500 High Beta Portfolio ETF (SPHB)

- NYSEARCA
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SPHB Description
The PowerShares S&P 500® High Beta Portfolio (Fund) is based on the S&P 500® High Beta Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of how closely correlated a stock's returns are to that of the market, which for the Index includes all of the stocks included in the S&P 500® Index.
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Country: United States
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