ETF

PowerShares Rolls Out Five ETFs

 

PowerShares is adding five new exchange-traded funds to its lengthy lineup. The new ETFs, listing Wednesday on the Amex, are designed to invest in the growing global marketplace.

The new Global Water Portfolio(PIO) tracks an index of companies that develop technologies and services related to world water consumption, while the Global Clean Energy Portfolio(PBD) invests in firms focusing on greener and generally renewable power sources.

The other three ETFs, the Dynamic Asia Pacific Portfolio(PUA), Dynamic Europe Portfolio(PEH) and Dynamic Developed International Opportunities Portfolio(PFA), are linked to special indices meant to identify outperforming stocks in various parts of the world.

The new offerings bring the total number of PowerShares ETFs to 75. In addition, the company also sponsors the PowerShares QQQ(QQQQ), Deutsche Bank currency/commodity funds and BLDRS Index Funds Trust.

PowerShares is a division of Invesco(IVZ), formerly known as Amvescap.

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