Stocks continue to drift sideways with an upward bias as cautious optimism surrounding the looming “fiscal cliff” has proven to be a dominant theme on Wall Street. Choppy trading has become the norm as mixed data releases have kept a lid on confidence, including lackluster ISM and factory orders data coupled with upbeat construction spending and weekly jobless claims. Amid the uncertain landscape, industry veteran PowerShares has debuted a “hands off” ETF that may provide a refuge from rampant volatility, offering exposure to the S&P 500 Index with a twist [Download How To Buy The Right ETF Every Time]. The PowerShares S&P 500 Downside Hedged Portfolio (PHDG) is designed to offer investors broad equity market exposure along with an implied volatility hedge. This new ETF uses a quantitative, rules-based methodology to dynamically allocate its notional investments among three components: equity, volatility and cash [see Low Volatility ETFdb Portfolio]. S&P 500 ETFs With A Twist [...] Click here to read the original article on ETFdb.com. Related Posts: Closer Look At S&P 500 ETF Options PowerShares Adds High Dividend ETF First Trust Debuts “Tail Hedge” S&P 500 ETF (VIXH) 3 ETF Types For Downside Protection ETFs For “Hands Off” Investing