PowerShares Files For PowerShares PowerShares S&P Emerging Markets Low Volatility Portfolio ETF

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September 15, 2011 6:10pm NEW FILING NYSE:EELV

PowerShares has filed paperwork with the SEC for a “PowerShares S&P Emerging Markets Low Volatility Portfolio” (NYSE:EELV). The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P Emerging Markets Low Volatility Index. The S&P Emerging


Markets Low Volatility Index is designed to provide exposure to the least volatile securities in the S&P Emerging Markets Plus BMI universe. Standard & Poor’s measures the realized volatility of every stock in the S&P Emerging Markets Low Volatility Index over the trailing [12] months. Volatility is measured as the standard deviation of price changes. The [100] stocks with the lowest volatility comprise the S&P Emerging Markets Low Volatility Index. Constituents in the S&P Emerging Markets Low Volatility Index are weighted so that the least volatile stocks receive the highest weights. The Underlying Index constituents are rebalanced [quarterly]. Standard & Poor’s makes additions to the S&P Emerging Markets Low Volatility Index only at the time of the quarterly rebalancing. Constituents removed from the S&P Emerging Markets Plus BMI universe are removed from the S&P Emerging Markets Low Volatility Index simultaneously.

They did not specify an expense ratio in the initial filing.

Principal Investment Strategies

The Fund will invest at least 90% of its total assets in the securities of companies that comprise the Underlying Index. The Underlying Index is compiled, maintained and calculated by Standard & Poor’s (the “Index Provider”). Strictly in accordance with its existing guidelines and mandated procedures, the Index Provider determines the least volatile securities of companies [over the past 12 months] for inclusion in the Underlying Index from the S&P Emerging Markets Plus BMI universe. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund generally invests in all of the securities composing the Underlying Index in proportion to their weightings in the Underlying Index.

For the complete filing click: HERE


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