By: ETFdb
PowerShares Plans Bank Loan ETF
As each week seemingly brings multiple new product launches, the ETF industry’s product pipeline continues to refill. Issuers continue to get creative in their efforts to expand their product lineups, laying the groundwork to launch products not currently available in the ETF wrapper. One of the latest filings to hit the SEC’s desk came from PowerShares, which detailed plans for an S&P Bank Loan Portfolio. The proposed fund would seek to replicate the S&P/LSTA U.S. Leveraged Loan 100 Index, a benchmark designed to track the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments. A leveraged loan is debt that is rated below investment grade quality or is unrated but deemed to be of comparable quality. The index to which the proposed ETF would be linked is a subset of the larger S&P/LTSA Leveraged Loan Index, which includes more than 1,000 securities and has a [...] Click here to read the original article on Related Stories: PowerShares Plans Financial ETF Expansion PowerShares, Deutsche Bank Team Up On 3x Leveraged Bond ETNs PowerShares Plans Small Cap Sector ETFs
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here