Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF (ARCA: PDN)

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PowerShares Fires Its Own Shot in ETF Fee War

ECOL

Playing The Nuclear ETF (NLR) As Over 200 New Nuclear Plants Are In The Works

PRESIDENTIAL RLTY A by Presidential Realty Corp.

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PRESIDENTIAL RLTY B by Presidential Realty Corp.

While the S&amp;P 500 has been solid this year, truly impressive equity market performances can be found in developed markets outside the U.S. That sentiment applies to ex-U.S. smaller stocks. U.S. small-caps have confounded investors for much of this year while their international counterparts are surging.
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The PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (NYSE: <a class="ticker" href="/stock/pdn#NYSE">PDN</a>), an oft-overlooked, smart beta spin on ex-US smaller stocks, is soaring as well. PDN, which holds mid- and small-caps from ex-US developed markets, is up 18.6 percent year-to-date. Combined, the year-to-date gains of the Russell 2000 Index and the S&amp;P MidCap 400 Index do not equal PDN&#39;s returns.
PDN can be viewed as small/mid-cap international equivalent of the $4.9 billion PowerShares FTSE RAFI US 1000 Portfolio (NYSE: <a class="ticker" href="/stock/prf#NYSE">PRF</a>), one of the ETFs that kick-started the smart beta movement when it debuted more than 11 years ago. PDN is seasoned as well as the ETF will celebrate its tenth birthday in September.
<h3>A Deeper Glance at PDN</h3>
PDN follows the FTSE RAFI Developed Markets ex-U.S. Mid-Small 1500 Index, which &ldquo;is designed to track the performance of small and mid capitalization equities of companies domiciled in developed international markets (excluding the US), selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends,&rdquo; <a href="https://www.invesco.com/portal/site/us/financial-professional/etfs/product-detail?productId=PDN">according to PowerShares</a>.
PDN holds 1,504 stocks, or 115 less than reside in the MSCI EAFE Small Cap Index. As is the case with many ex-US developed markets strategies, PDN is heavily allocated to the industrial and consumer discretionary sectors. Those sectors combine for 42.5 percent of the ETF&#39;s weight.
The average market value of PDN&#39;s holdings is $3.28 billion, indicating the ETF leans toward mid-cap territory. PDN&#39;s price-to-earnings ratio is just over 20, implying a significant discount relative to the Russell 2000.
<h3>Geography Matters</h3>
Typically, diversified ex-US developed markets ETFs are heavy on Japan and the U.K. That is particularly true with PDN, which allocates over a third of its weight to Japanese stocks, a strategy that has been working this year <a href="https://www.benzinga.com/trading-ideas/long-ideas/17/07/9785779/theres-stellar-dividend-growth-found-in-japan">as smaller equities</a> in the world&#39;s third-largest economy have been surging.
PDN&#39;s weight to Japan is more than triple its U.K. exposure. Overall, 10 countries are represented in PDN, including six European nations. Canada is the PDN&#39;s only geographic weight not in Asia-Pacific or Europe.
Related Links:
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/07/9785779/theres-stellar-dividend-growth-found-in-japan">This Japan ETF Is Soaring</a>
<a href="https://www.benzinga.com/trading-ideas/long-ideas/17/07/9803648/keep-the-emerging-markets-lose-china-with-this-etf">A Different Emerging Markets ETF</a>

Invesco's (NYSE: <a class="ticker" href="/stock/ivz#NYSE">IVZ</a>) PowerShares unit has become the latest ETF issuer to make its presence felt in the broadening ETF cost battle by announcing significant fee reductions on six of its funds.

PowerShares, the fourth-largest U.S. issuer, said it has lowered the annual expense ratio on the $285.7 million PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (NYSE: <a class="ticker" href="/stock/pxf#NYSE">PXF</a>) to 0.45 percent from 0.75 percent. The The PowerShares FTSE RAFI Emerging Markets Portfolio (NYSE: <a class="ticker" href="/stock/pxh#NYSE">PXH</a>), which has $350.2 million in assets under management, has a new expense ratio of 0.49 percent compared with a previous rate of 0.85 percent.

The The PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio (NYSE: <a class="ticker" href="/stock/paf#NYSE">PAF</a>) and the PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (NYSE: <a class="ticker" href="/stock/pdn#NYSE">PDN</a>) have seen fee reductions to 0.49 percent from 0.8 percent and 0.75 percent, respectively.

The PowerShares S&amp;P International Developed High Quality Portfolio (NYSE: <a class="ticker" href="/stock/idhq#NYSE">IDHQ</a>) is now home to annual fees of 0.45 percent, down from 0.75 percent. PowerShares also pared the fees on the PowerShares S&amp;P 500 High Quality Portfolio (NYSE: <a class="ticker" href="/stock/sphq#NYSE">SPHQ</a>) to 0.29 percent from 0.5 percent. All of the fee cuts went into effect on November 21.

"We continuously analyze ways to improve our overall ETF product lineup for investors," said Ben Fulton, Invesco PowerShares managing director of global ETFs, in a statement. "We believe the lower fees announced today better align the six funds with our existing offerings, and help position the PowerShares family of ETFs for continued growth."

With the announcement, PowerShares becomes the latest major ETF sponsor to pare expenses charged to investors. Over the past year, Charles Schwab (NYSE: <a class="ticker" href="/stock/schw#NYSE">SCHW</a>), State Street's (NYSE: <a class="ticker" href="/stock/stt#NYSE">STT</a>) State Street Global Advisors unit and Vanguard cut fees on some of their ETFs. In September, BlackRock's (NYSE: <a class="ticker" href="/stock/blk#NYSE">BLK</a>) iShares fired back by announcing <a href="http://www.benzinga.com/news/12/09/2897070/ishares-firing-back-with-planned-etf-fee-cut">planned fee cuts</a>. 

Last month, iShares unveiled its core suite of ETFs <a href="http://www.benzinga.com/news/12/10/2995083/blackrocks-ishares-taking-etf-fight-back-to-vanguard">aimed at cost-conscious investors</a>.

PowerShares had $70.5 billion in AUM as of November 26, <a href="http://www.indexuniverse.com/sections/etf-league-tables/15251-etf-league-table-as-of-nov-26-2012.html">according to Index Universe data</a>. The firm has more than double the ETF assets of the fifth-largest U.S. ETF sponsor.

For more on ETFs, click <a href="http://www.benzinga.com/etfs">here</a>.

<a href="http://etfdailynews.com/blog/wp-content/uploads/2010/02/nuclear.jpg"><img class="alignleft size-full wp-image-9671" title="nuclear" src="http://etfdailynews.com/blog/wp-content/uploads/2010/02/nuclear.jpg" alt="" width="110" height="110" /></a>“We continue to talk about a<a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/nlr/" target="_blank"> Commodity Surge in the uranium industry</a>, which is sure to explode in the years ahead, based on the over 200 <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/nlr/" target="_blank">new nuclear plants </a>in various stages of planning or construction around the world. The Market Vectors Nuclear Energy ETF (NYSE:NLR) is a great way to play uranium, and it has other benefits as well,” <a href="http://commoditysurge.blogspot.com/2010/03/market-vectors-nuclear-energy-etf.html" target="_blank">Ellen Stevens Reports From Commodity Surge.</a>
Stevens goes on to say, “For example, the <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/nlr/" target="_blank">nuclear ETF </a>(NLR) is also a way to participate in emerging markets, as the vast majority of the <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/nlr/" target="_blank">nuclear plants </a>will be built in those countries. Even with attempts to increase production, the uranium mines in the world won’t be able to supply the growing demand for uranium any time soon, and that ensures prices will eventually start to rise again as a consequence.”
“In the middle of 2007 uranium spot prices had reached as high as $136 a pound, but plunged along with everything else during the height of the economic crisis, to about $45 a pound today. I don’t see a much simpler and better way to invest in uranium unless you absolutely have the time to delve into every part of the industry. The other great thing is the low fees of an ETF and not having to deal with the prospect of trading in foreign markets. This applies to <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/nlr/" target="_blank">Market Vectors Nuclear Energy ETF </a>(NLR) because most of its holdings are tracked on foreign exchanges,” <a href="http://commoditysurge.blogspot.com/2010/03/market-vectors-nuclear-energy-etf.html" target="_blank">Stevens Reports.</a>
Nuclear Power is here to stay and with over 200 Nuclear Plants underway the <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/nlr/" target="_blank">price of Uranium </a>will find itself higher in the long term.  The Market Vectors<a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/nlr/" target="_blank"> Nuclear Energy ETF </a>(NLR) is a great way to diversify into the space and should find a place in your portfolio.
We have put together a snapshot of the ETF below:
The <a href="http://etfdailynews.com/blog/category/historical-news-by-symbolcategory/nlr/" target="_blank">investment ETF (NLR)</a> seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal Nuclear Energy index. The fund normally invests at least 80% of total assets in equity securities of U.S. and foreign companies primarily engaged in the nuclear energy business, which derive at least 50% of their total revenues from nuclear energy business. Such companies may include small- and medium capitalization companies. It is nondiversified.
<table border="0" cellspacing="0" cellpadding="0" width="625">
<colgroup span="1">
<col span="1" width="52" /> 
<col span="1" width="245" /> 
<col span="2" width="64" /> 
<col span="1" width="101" /> 
<col span="1" width="99" /> 
</colgroup>
<tbody>
<tr height="17">
<td colspan="6" width="625" height="17">Fund Holdings as of 3/30/2010</td>
</tr>
<tr height="17">
<td width="52" height="17">Number</td>
<td width="245">Holding</td>
<td width="64">Ticker</td>
<td width="64">Shares</td>
<td width="101">Market Value</td>
<td width="99">% of net assets</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">1</td>
<td width="245">EDF</td>
<td width="64">(EDF) FP</td>
<td width="64" align="right">280,909</td>
<td width="101" align="right">$15,392,528.64</td>
<td width="99" align="right">8.14%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">2</td>
<td width="245">Energy Resources of Australia Ltd</td>
<td width="64">(ERA) AU</td>
<td width="64" align="right">868,913</td>
<td width="101" align="right">$15,161,146.69</td>
<td width="99" align="right">8.01%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">3</td>
<td width="245">Cameco Corp</td>
<td width="64">(CCJ) US</td>
<td width="64" align="right">524,788</td>
<td width="101" align="right">$14,405,430.60</td>
<td width="99" align="right">7.63%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">4</td>
<td width="245">Constellation Energy Group Inc</td>
<td width="64">(CEG) US</td>
<td width="64" align="right">401,887</td>
<td width="101" align="right">$14,291,101.72</td>
<td width="99" align="right">7.61%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">5</td>
<td width="245">Exelon Corp</td>
<td width="64">(EXC) US</td>
<td width="64" align="right">327,378</td>
<td width="101" align="right">$14,391,536.88</td>
<td width="99" align="right">7.61%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">6</td>
<td width="245">USEC Inc</td>
<td width="64">(USU) US</td>
<td width="64" align="right">1,606,571</td>
<td width="101" align="right">$9,269,914.67</td>
<td width="99" align="right">4.90%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">7</td>
<td width="245">Mitsubishi Heavy Industries Ltd</td>
<td width="64">(7011) JP</td>
<td width="64" align="right">2,151,606</td>
<td width="101" align="right">$9,038,408.46</td>
<td width="99" align="right">4.80%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">8</td>
<td width="245">Fronteer Development Group Inc</td>
<td width="64">(FRG) CN</td>
<td width="64" align="right">1,726,194</td>
<td width="101" align="right">$8,959,543.03</td>
<td width="99" align="right">4.74%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">9</td>
<td width="245">Paladin Energy Ltd</td>
<td width="64">(PDN) AU</td>
<td width="64" align="right">2,430,685</td>
<td width="101" align="right">$8,941,563.07</td>
<td width="99" align="right">4.73%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">10</td>
<td width="245">Denison Mines Corp</td>
<td width="64">(DML) CN</td>
<td width="64" align="right">5,927,012</td>
<td width="101" align="right">$8,664,882.14</td>
<td width="99" align="right">4.58%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">11</td>
<td width="245">Areva SA</td>
<td width="64">(CEI) FP</td>
<td width="64" align="right">16,299</td>
<td width="101" align="right">$8,421,298.74</td>
<td width="99" align="right">4.45%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">12</td>
<td width="245">Uranium One Inc</td>
<td width="64">(UUU) CN</td>
<td width="64" align="right">3,037,856</td>
<td width="101" align="right">$8,345,758.24</td>
<td width="99" align="right">4.41%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">13</td>
<td width="245">Uranium Participation Corp</td>
<td width="64">(U) CN</td>
<td width="64" align="right">1,426,868</td>
<td width="101" align="right">$8,287,930.30</td>
<td width="99" align="right">4.38%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">14</td>
<td width="245">Taihei Dengyo Kaisha Ltd</td>
<td width="64">(1968) JP</td>
<td width="64" align="right">860,776</td>
<td width="101" align="right">$7,886,268.68</td>
<td width="99" align="right">4.24%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">15</td>
<td width="245">JGC Corp</td>
<td width="64">(1963) JP</td>
<td width="64" align="right">386,674</td>
<td width="101" align="right">$6,891,790.69</td>
<td width="99" align="right">3.69%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">16</td>
<td width="245">Forsys Metals Corp</td>
<td width="64">(FSY) CN</td>
<td width="64" align="right">1,565,377</td>
<td width="101" align="right">$6,588,959.31</td>
<td width="99" align="right">3.48%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">17</td>
<td width="245">Us Ecology Inc</td>
<td width="64">(ECOL) US</td>
<td width="64" align="right">362,844</td>
<td width="101" align="right">$5,921,614.08</td>
<td width="99" align="right">3.13%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">18</td>
<td width="245">First Uranium Corp</td>
<td width="64">(FIU) CN</td>
<td width="64" align="right">3,304,127</td>
<td width="101" align="right">$4,311,704.19</td>
<td width="99" align="right">2.28%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">19</td>
<td width="245">IHI Corp</td>
<td width="64">(7013) JP</td>
<td width="64" align="right">2,189,414</td>
<td width="101" align="right">$4,032,017.85</td>
<td width="99" align="right">2.16%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">20</td>
<td width="245">Hathor Exploration Ltd</td>
<td width="64">(HAT) CN</td>
<td width="64" align="right">1,996,858</td>
<td width="101" align="right">$3,898,888.76</td>
<td width="99" align="right">2.06%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">21</td>
<td width="245">Kajima Corp</td>
<td width="64">(1812) JP</td>
<td width="64" align="right">1,579,805</td>
<td width="101" align="right">$3,811,747.58</td>
<td width="99" align="right">2.04%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">22</td>
<td width="245">Toshiba Plant Systems &amp; Services Corp</td>
<td width="64">(1983) JP</td>
<td width="64" align="right">144,900</td>
<td width="101" align="right">$1,644,902.29</td>
<td width="99" align="right">0.88%</td>
</tr>
<tr height="17">
<td width="52" height="17" align="right">23</td>
<td width="245">Cash</td>
<td width="64"> </td>
<td width="64" align="right">318,527</td>
<td width="101" align="right">$318,530.71</td>
<td width="99" align="right">0.17%</td>
</tr>
</tbody>
</table>
<img src="http://ichart.finance.yahoo.com/z?s=NLR&amp;t=1y&amp;q=l&amp;l=on&amp;z=l&amp;p=s&amp;a=v&amp;p=s" border="0" alt="Chart for Market Vectors Nuclear Energy ETF (NLR)" width="800" height="475" />
Related posts:
<ol>
<li><a href='http://etfdailynews.com/blog/2009/05/21/nuclear-the-next-energy-etf-trend-nlr/' rel='bookmark' title='Permanent Link: Nuclear: The Next Energy ETF Trend (NLR)'>Nuclear: The Next Energy ETF Trend (NLR)</a></li>
<li><a href='http://etfdailynews.com/blog/2009/06/06/playing-renewable-energy-with-etfs-fan-kwt-nlr-gex/' rel='bookmark' title='Permanent Link: Playing Renewable Energy With ETF’S (FAN, KWT, NLR, GEX)'>Playing Renewable Energy With ETF’S (FAN, KWT, NLR, GEX)</a></li>
<li><a href='http://etfdailynews.com/blog/2010/02/17/obama-officially-went-nuclear-benefiting-the-nuclear-etf/' rel='bookmark' title='Permanent Link: Obama Officially Went Nuclear Benefiting The Nuclear ETF'>Obama Officially Went Nuclear Benefiting The Nuclear ETF</a></li>
</ol>

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