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.
Global Water Portfolio
tracks an index of companies that develop technologies and services related to world water consumption, while the
Global Clean Energy Portfolio
invests in firms focusing on greener and generally renewable power sources.
The other three ETFs, the
Dynamic Asia Pacific Portfolio
Dynamic Europe Portfolio
Dynamic Developed International Opportunities Portfolio
, 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
currency/commodity funds and
BLDRS Index Funds Trust
PowerShares is a division of
, formerly known as Amvescap.