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VRP
  PowerShares Variable Rate Preferred Portfolio ETF - NYSEARCA

8/23/2014, 10:02 AM ET
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VRP vs. ETF Alternatives
VRP Description
The PowerShares Variable Rate Preferred Portfolio (Fund) is based on the Wells Fargo® Hybrid and Preferred Securities Floating and Variable Rate Index (Index). The Fund will generally invest at least 90% of its total assets in preferred securities that comprise the Index. The Index is a market capitalization-weighted index designed to track the performance of preferred stock, as well as certain types of “hybrid securities” that are functionally equivalent to preferred stock, that are issued by US-based or foreign issuers and that pay a floating or variable rate dividend or coupon. The Fund and the Index are rebalanced monthly.
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Country: United States
Key Info
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