Products January 30, 2008

PowerShares to List India Portfolio ETF

PowerShares Capital Management LLC has announced the anticipated listing of the PowerShares India Portfolio, a new exchange-traded fund (ETF) expected to begin trading in mid- to late-February on the NYSE Arca.
Reported by

The PowerShares India Portfolio will provide direct and diversified exposure to India’s growing marketplace by owning local equities, the company said. PowerShares India Portfolio is designed to trade at or near net asset value, removing the trading risks associated with other exchange listed India products that utilize derivatives and local share-linked structures.

The PowerShares India Portfolio is based on the Indus India Index compiled by Indus Advisors LLC. The Index is designed to track the performance of the Indian equity markets as a whole with representation across the information technology, health sciences, financial services, heavy industry, and consumer products segments.

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The index is rebalanced quarterly, and selects 50 components from a universe of Indian domiciled companies listed on the National and Bombay Stock Exchanges.

The anticipated ticker symbol for the PowerShares India Portfolio is PIN.

More information is at www.powershares.com.

Deals & People January 30, 2008

NRP Announces New Member Firms

National Retirement Partners, Inc. (NRP), a network of independent retirement plan focused advisers, has announced six new member firms.
Reported by

The new member firms are (company, principal(s), location):

  • Longfellow Benefits, Kendall Storch and Joseph Gray, Boston, MA
  • Corporate Benefit Coordinators, Lee Gjolme, Santa Ana, CA
  • NRP, Mark Temple, New York, NY
  • Blue Print Financial, BJ Hill, Cleveland, OH
  • DelliSanti Benefit Advisors LLC, Joey Dellisanti, Virginia Beach, VA
  • Rogers Financial, Ken Rogers, Harrisonburg, VA

Longfellow Benefits is a finalist for the PLANSPONSOR Retirement Plan Adviser of the Year Award (See PLANSPONSOR Announces Finalists for Retirement Plan Adviser of the Year Award).

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“As we approach our 100th affiliated firm, NRP continues to attract the best retirement practices in the country,” said NRP president and CEO Bill Chetney, in the announcement. “And as we scale our business, we are able to more effectively deliver support services to our member firms.’

More information about NRP is available at www.n-r-p.com.

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