PowerShares To Begin Trading The PowerShares KBW Insurance Portfolio ETF Tuesday, November 1st

PowerShares will begin trading its new “PowerShares KBW Insurance Portfolio” (NYSE:KBWI) Tuesday, November 1, 2011. The PowerShares KBW Insurance Portfolio (the “Fund”) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the KBW Insurance Index. The KBW Insurance Index is a float-adjusted modified capitalization weighted index of approximately 24 of the largest (as defined by their float adjusted market capitalization) companies in the insurance industry that are publicly listed within the United States and traded in U.S. dollars.

Total Annual Fund Operating Expenses: 0.35%

Principal Investment Strategies

The Fund normally will invest at least 90% of its total assets in securities of U.S. publicly traded companies in the insurance industry that comprise the Underlying Index, including, but not limited to, personal and commercial lines, property/casualty, life insurance, reinsurance, brokerage and financial guarantee companies. The Underlying Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies in the insurance industry that are publicly traded in the U.S. The Underlying Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. (“KBW” or the “Index Provider”).

For the complete prospectus click: HERE

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