Nasdaq to List PowerShares DB Optimum Yield Diversified Commodity Strategy Portfolio
"Invesco PowerShares has enjoyed a long and successful relationship with Nasdaq," said
PDBC expands Invesco PowerShares' suite of smart beta exchange-traded funds to 82 portfolios. As the fourth largest provider of ETFs in the US and globally, Invesco PowerShares is recognized as a pioneer behind the smart beta revolution, having introduced many of the first smart beta strategies, and currently offers 60 smart beta ETFs with track records greater than 5-years.
"PDBC provides broad and efficient exposure to commodities with the added benefit of eliminating Scheduled K-1 requirements," said
PDBC seeks to outperform its benchmark through actively managed investments in commodity-linked futures contracts. PDBC provides exposure to components of the DBIQ Optimum Yield Diversified Commodity Index Excess Return (Benchmark) which is composed of futures contracts on 14 heavily traded commodities across the energy, precious metals, industrial metals and agriculture sectors.
"We are delighted to welcome PowerShares' new exchange-traded fund to their product suite listed on
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About Invesco PowerShares:
¹US franchise assets include QQQs, BLDRS and DB Funds.
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CONTACT: Invesco PowerShares Media Contact:Source: The NASDAQ OMX Group, Inc.Bill Conboy +1 (303) 415-2290 bill@bccapitalpartners.com Nasdaq Media Contact:Alexa Sugrue +1 (212) 231-5552 (office) +1 (646) 577-3157 (mobile) Alexa.Sugrue@nasdaq.com
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