IMHO: Legends for Our Times

Ours is an industry of fairly recent invention–one that is, in many respects, only just beginning to emerge from the growth pangs of adolescence.
Ours is an industry constantly and dramatically evolving–and one that all too often seems relentlessly driven to push us forward to the next challenge, through the next legislative overhaul, and onto the next wave of tumult in the markets, sometimes in the same six-month period. For those committed to the retirement plan business, change is not only the order of the day, it is the day. That certainly has been true for the 15 years during which PLANSPONSOR has been published.
But if the pace is relentlessly forward, there are nonetheless those among us who have a vision that stands out from the crush of the day, who provide a better way for the rest of us, either through thoughts or deeds, to succeed in helping bring about a more secure future for those who depend on us.
As our 15th anniversary approached, we began thinking about those individuals–individuals who have made an impact on this business of retirement benefits. For clarity, we limited our focus to the past 15 years, though there are certainly individuals whose contributions predate that timeframe and whose impact is still felt today. We also limited our list to 15, though it could easily have been twice that size.
They are leaders, innovators, partners—some have challenged the status quo, others have laid the foundation for a new one, and still others have helped us all negotiate the period(s) in between. There are some familiar faces, as you might expect–many have appeared in our pages over the years, several were highlighted as “influencers’ in PLANSPONSOR’s 10th anniversary issue, and a number have subsequently been honored with PLANSPONSOR’s Lifetime Achievement Award. There also are some with which you may not be familiar, though you are almost certainly aware of their contributions. Admittedly, there may well be those on this list that some may challenge–or some not represented who have arguably made equally significant contributions.
This is, however, our list–15 who have, IMHO, during the passage of the past decade and a half, made a lasting contribution to the nation’s retirement security.
There are those who make a difference in our lives– parents, spouses, mentors, friends–and then there are those who make a difference in all of our lives.
They are legends.

Two New PowerShares ETFs Come Online

Invesco PowerShares Capital Management LLC has announced the listing of two new exchange-traded funds.
The ticker symbols and portfolio names are:
  • PNXQ – PowerShares NASDAQ NextQ Portfolio
  • PQSC – PowerShares FTSE NASDAQ Small Cap Portfolio

The PowerShares NASDAQ NextQ Portfolio (PNXQ) is based on the NASDAQ Q-50 Index. The Index is designed to track the performance of the 50 securities that are next in line to replace the securities currently included in the NASDAQ-100 Index. The index reflects companies across major, non-financial industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology, and is adjusted quarterly.

The PowerShares FTSE NASDAQ Small Cap Portfolio (PQSC) is based on the FTSE NASDAQ Small Cap Index. The index is designed to track the performance of the smallest 10% of companies in the FTSE NASDAQ Index universe of listed companies ranked by market capitalization. Eligible securities for inclusion in the FTSE NASDAQ Small Cap Index include common stock, American depositary receipts (ADRs) and real estate investment trusts. The constituents of the FTSE NASDAQ Small Cap Index are float-adjusted market capitalization weighted, and selected on an annual basis.
“We are pleased to be back at the NASDAQ Stock Market celebrating the listing of two new innovative ETF portfolios,’ said Bruce Bond, president and CEO of PowerShares, in a press release. The listings bring the total number of PowerShares portfolios to more than 110.
You can find out more at http://www.invescopowershares.com.

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