Market Overview

PowerShares May List Dividend Allocation ETF

Share:

Invesco's (NYSE: IVZ) PowerShares unit, the fourth-largest U.S. ETF sponsor, has filed plans with the Securities and Exchange Commission to possibly introduce the actively managed PowerShares Dividend Allocation Portfolio.

The filing did not include a ticker or expense ratio for the new fund. PowerShares currently lists three actively managed funds. Those funds are the PowerShares Active Low Duration Fund (NYSE: PLK), the PowerShares Active Mega Cap Fund (NYSE: PMA) and the PowerShares Active U.S. Real Estate Fund (NYSE: PSR).

The PowerShares Dividend Allocation Portfolio will invest in the 50 highest dividend-yielding stocks in the S&p 500 and may invest in CBOE VIX futures as well cash instruments such as money markets.

During periods of low volatility, a greater portion of the Fund's assets will be invested in high dividend-yielding equity securities, and during periods of increased volatility, a greater portion of the Fund's assets will be invested in VIX Index Related Instruments, according to the filing.

The newest addition to the PowerShares lineup is the PowerShares DWA SmallCap Technical Leaders Portfolio (NYSE: DWAS), which debuted on July 19.

Posted-In: News Broad U.S. Equity ETFs Dividends Dividends Specialty ETFs New ETFs Intraday Update Markets

 

Related Articles (IVZ + DWAS)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com