PowerShares Files For PowerShares Capital Markets Portfolio ETF

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August 10, 2011 4:13pm NEW FILING NYSE:KBWC

PowerShares has filed paperwork with the SEC for a “PowerShares Capital Markets Portfolio ETF.” The Fund normally will invest at least 80% of its total assets in equity securities of leading companies active in U.S. capital markets listed on a U.S. national securities exchange. The Fund normally will invest at least 90% of its total assets in the securities that comprise the Underlying Index. The Underlying Index is a float adjusted


modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges that are publicly traded.  The Underlying Index is compiled, maintained and calculated by [                           ]. As of [June 30, 2011], the Underlying Index was composed of [    ] companies with a market capitalization range of between $[     ] million and $[     ] billion.]

Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries.

For the complete filing click: HERE


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