PowerShares Capital Management, a division of Amvescap (AVZ), will soon be responsible for one of the most actively-traded exchange-traded funds on the market. Nasdaq will hand over sponsorship of its Nasdaq 100 Trust (QQQQ) on March 21. The fund tracks 100 of the largest non-financial companies listed on the exchange.PowerShares will also assume sponsorship of several other ETFs from Nasdaq Global funds, including the four BLDRs based on the Bank of New York ADR Indexes: the BLDRs Emerging Markets 50 ADR Index Fund (ADRE), BLDRs Developed Markets 100 ADR Index Fund (ADRD), BLDRs Europe 100 ADR Index Fund (ADRU) and BLDRs Asia 50 ADR Index Fund (ADRA). The Nasdaq 100 European Tracker (EQQQ) will be transferred upon regulatory approval in Ireland.
PowerShares Assumes Sponsorship of Nasdaq 100 Trust
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.