Products April 5, 2008

Two New PowerShares ETFs Come Online

Invesco PowerShares Capital Management LLC has announced the listing of two new exchange-traded funds.
Reported by
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.
Products April 5, 2008

UBS Launches Family of ETNs

Eight UBS E-TRACS Exchange Traded Notes (ETNs) have begun trading on NYSE Arca.
Reported by
According to a press release, UBS E-TRACS belong to an “..innovative class of investment products offering easy access to markets and strategies that had not been readily available to individual investors.’
ETNs are primarily used as access products, combining exposure to various markets like futures and commodities with the investment ease of listed securities. These ETNs track the performance of the UBS Bloomberg Constant Maturity Commodity Index (CMCI), the first benchmark commodity index to diversify across both commodities and maturities, according to the firm.
The first eight products are linked to corresponding UBS Bloomberg CMCI indices, and traded on NYSE Arca under the following ticker symbols:
  • CMCI Index (UCI),
  • CMCI Agriculture Index (UAG),
  • CMCI Livestock Index (UBC),
  • CMCI Industrial Metals Index (UBM),
  • CMCI Food Index (FUD),
  • CMCI Energy Index (UBN),
  • CMCI Gold Index (UBZ), and
  • CMCI Silver Index (USV).
UBS E-TRACs are senior unsecured notes issued by UBS AG, and can be bought and sold through a broker or financial advisor. For more information about UBS E-TRACs, check out www.ubs.com/e-tracs.

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