PowerShares has been one of the most active issuers of new ETFs this year and no sign of any pause seems to be in sight.
In October, the emerging company (its relatively short history dates back to 2003) introduced another 14 exchange-traded funds (ETFs) on the American Stock Exchange.
The latest offerings build on the company’s traditional expertise. Among the earliest ETFs offered by PowerShares were the Dynamic Market Portfolio (Amex: PWC) and Dynamic OTC Portfolio (Amex: PWO). Both funds, as well as those more recently launched, use an approach dubbed as the “Intellidex” method, which analyzes stocks according to a select set of criteria that include fundamental growth, stock valuation, timeliness and risk factors. This process is conducted quarterly with the goal of capturing an accurate representation of a specific market segment.
According to the prospectus, the new funds have expense ratios of 0.60 percent. Also, all of the funds will have underlying call and put options.