Products April 5, 2010

Invesco PowerShares Readies New ETF Family

A new family of exchange-traded funds is set to debut.
Reported by

Standard & Poor’s says it has licensed the S&P SmallCap 600 Capped Sector Indices to Invesco PowerShares to serve as the underlying for a soon to be launched family of exchanged traded funds (“ETFs”) based upon the Indices.      

The S&P SmallCap 600 Capped Sector Indices impose capped weights on the index constituents of the S&P SmallCap 600 Sector Indices. All stocks included in the series are classified according to the Global Industry Classification Standard (GICS), and maintain the same classification as found in the parent S&P SmallCap 600 Index, according to S&P.

While GICS is divided into 10 sectors, the S&P SmallCap 600 Capped Sector Indices combine the Utilities and Telecommunication Services into one sector. Below is a list of the nine indices licensed to Invesco PowerShares:

  • S&P Small Cap Capped Consumer Discretionary Index
  • S&P Small Cap Capped Consumer Staples Index
  • S&P Small Cap Capped Energy Index
  • S&P Small Cap Capped Financials Index
  • S&P Small Cap Capped Health Care Index
  • S&P Small Cap Capped Industrials Index
  • S&P Small Cap Capped Materials Index
  • S&P Small Cap Capped Information Technology Index
  • S&P Small Cap Capped Utilities & Telecommunication Services Index

More information on the S&P SmallCap 600 Capped Sector Indices is available at http://www.standardandpoors.com/indices.

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