PowerShares Rolls Out 2 More Low Volatility ETFs

As we previously noted

. One of those funds was the PowerShares S&P 500 Low Volatility ETF

, an ETF proved to be one of the most successful new funds of 2011, regardless of market niche. Well, Invesco's

PowerShares, the fourth-largest U.S. ETF issuer, is looking to capitalize on that success with the debut of two more "low vol" funds, the PowerShares S&P Emerging Markets Low Volatility Portfolio

and the PowerShares S&P International Developed Low Volatility Portfolio

, both of which commenced trading today. EELV tracks an index that includes all publicly listed equity securities with float-adjusted market values of at least $100 million and annual dollar value traded of at least $50 million from the following countries: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, South Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey. Countries represented in IDLV include Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The emerging markets low volatility ETF space already has a couple of competitors for EELV to knock heads with including the EGShares Emerging Markets High Income/Low Beta ETF

and the iShares MSCI Emerging Markets Low Volatility ETF

. Wondering if more low volatility ETFs are wanted by investors? It looks like they are. PowerShares said its PowerShares S&P 500 Low Volatility ETF has surpassed $1 billion in assets under management and the ETF won't even celebrate its one-year anniversary until May.