March 3, 2005 — PowerShares Capital Management said that seven of its new exchange-traded funds (ETFs) began trading today on the American Stock Exchange.
The seven ETFs include the PowerShares WilderHill Clean Energy Portfolio (PBW), which invests in companies of the WilderHill Clean Energy Index. The Index, created by Dr. Robert Wilder, CEO of WilderShares LLC, a private firm based in Encinitas, Calif., is comprised of companies engaged in “greener” and generally renewable sources of energy and technologies facilitating cleaner energy.