PowerShares To Launch 5 New ETFs

by: Tom Lydon

PowerShares will launch five additional ETFs on September 27th. Four of the five will track fundamentally-weighted indexes developed jointly with FTSE and Research Affiliates.

Heather Bell for Index Universe reports that the FTSE RAFI Indexes use four fundamental factors: book value, sales, cash flow and dividends rather than market capitalization to weigh the stocks within the index. These three ETFs are within the small- and mid-cap international segments:

  • PowerShares FTSE RAFI Asia-Pacific Index Ex-Japan Small-Mid Portfolio (PDQ)
  • PowerShares FTSE RAFI Developed Markets Ex-U.S. Small-Mid Portfolio (NYSEARCA:PDN)
  • PowerShares FTSE RAFI Europe Small-Mid Portfolio (PWD)
  • PowerShares FTSE RAFI Emerging Markets Portfolio (NYSEARCA:PXH) will track the largest stocks within the emerging markets area. PowerShares International Listed Private Equity Portfolio (PFP) is the fifth ETF waiting in the pipeline.