This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PowerShares Assumes Sponsorship of Nasdaq 100 Trust

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.

The ETFs significantly expand PowerShares' assets. President Bruce Bond says the deal enhances his company's "visibility within the marketplace and credibility as a major ETF provider."

Nasdaq is freed from the costs of managing, marketing and distributing the funds.

The total expense ratios and ticker symbols of the funds will not change as a result of the transaction.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ADRE $30.44 0.00%
ADRA $27.10 0.00%
ADRD $21.75 0.00%
ADRU $21.42 0.00%
AAPL $117.81 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs