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Invesco PowerShares offers two international high-beta strategy ETFs
By Toni Weeks
San Diego, Feb. 22 - Invesco PowerShares Capital Management LLC announced it will offer two new exchange-traded funds to provide investors with access to high-beta strategies covering emerging and international developed markets.
The PowerShares S&P Emerging Markets High Beta Portfolio and the PowerShares S&P International Developed High Beta Portfolio will begin trading on the NYSE Arca on Feb. 24 under the symbols "EEHB" and "IDHB," respectively, according to a press release.
The PowerShares S&P Emerging Markets High Beta Portfolio will invest at least 90% of its total assets in the securities comprising the S&P BMI Emerging Markets High Beta Index, which consists of the 200 stocks in the S&P Emerging BMI Plus LargeMid Cap Index that are the most sensitive to changes in market returns, or beta, over the past year. Constituents are weighted by their corresponding beta, with the most sensitive stocks receiving the highest weights.
The PowerShares S&P International Developed High Beta Portfolio will invest at least 90% of its total assets in the securities of companies that comprise the S&P BMI International Developed High Beta Index, which consists of the 200 stocks in the S&P Developed ex. U.S. and South Korea LargeMid Cap BMI Index that are the most sensitive to changes in market returns over the past year. Constituents are weighted, with the most sensitive stocks receiving the highest weights.
The two funds complement Invesco's high-beta, low-volatility ETFs, the PowerShares S&P High Beta Portfolio and the PowerShares S&P 500 Low Volatility Portfolio, as well as its global low-volatility ETFs, the PowerShares S&P Emerging Markets Low Volatility Portfolio and the PowerShares S&P International Developed Low Volatility Portfolio.
Invesco PowerShares Capital Management is based in Wheaton, Ill.
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