PowerShares May List Dividend Allocation ETF

Invesco's

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

. Those funds are the PowerShares Active Low Duration Fund

, the PowerShares Active Mega Cap Fund

and the PowerShares Active U.S. Real Estate Fund

. 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,

. The newest addition to the PowerShares lineup is the PowerShares DWA SmallCap Technical Leaders Portfolio

, which debuted on July 19.