Invesco PowerShares Releases Transportation ETF
The PowerShares Global Progressive Transportation Portfolio (PTRP) is based on the Wilder NASDAQ OMXGlobal Energy Efficient Transport Index. The index tracks the performance of a global group of companies focused on technologies for utilization of greener, more efficient sources of energy to initiate a societal transition toward cleaner, less costly, and more efficient means of transportation.
The Index includes companies listed on global stock exchanges involved in four core focus areas: alternative vehicles; rail and subway systems; sea, land, air, and intermodal; and transport innovation. The Index is rebalanced quarterly using a modified market capitalization-weighting methodology with consideration to trading volume and float-adjusted market capitalization minimums.
More information is available at www.invescopowershares.com.