The PowerShares S&P 500 Downside Hedged Portfolio (PHDG) was launched December 6, becoming the first ETF to be both actively managed and indexed. The fund uses an absolute return strategy that seeks to achieve positive returns in rising or falling markets not directly correlated to equity or bond markets. PHDG employs a quantitative, rules-based strategy designed to provide returns that correspond to the performance of the S&P 500 Dynamic VEQTOR Index. … [visit site to read more]