PowerShares WilderHill Progressive Energy Portfolio (Symbol: PUW)
PowerShares Cleantech Portfolio will open with strike prices of 20-30 (1pt increments) and position limits of 2,500,000 shares. The options will trade on the March expiration cycle. The specialist will be LaBranche Structured Products, LLC.
The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the The Cleantech Index. The Cleantech Index is an equally weighted index currently comprised of 75 publicly traded companies engaged in the cleantech industry. A company is considered to be a cleantech company if it produces any knowledge-based product or service that improves operation, performance, productivity or efficiency, while reducing costs, inputs, energy consumption, waste or pollution. Cleantech companies produce knowledge-based products or services in a variety of areas, including agriculture and nutrition, air quality, enabling technologies, environmental technologies, material and nano-technology, materials recovery and recycling, transportation and logistics, and water purification and management. Stocks will be selected by Cleantech Capital Indices LLC.
PowerShares Listed Private Equity Portfolio will open with strike prices of 20-30 (1pt increments) and position limits of 2,500,000 shares. The options will trade on the March expiration cycle. The specialist will be Susquehanna Investment Group.
The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Red Rocks Listed Private Equity Index. The Listed Private Equity Index is comprised of stocks of securities and American depositary receipts ("ADRs") of publicly listed private equity companies, including business development companies ("BDC") and other financial institutions or vehicles whose principal business is to invest in and lend capital to privately-held companies. Stocks in the Listed Private Equity Index will be selected by Red Rocks Capital Partners LLC.
PowerShares WilderHill Progressive Energy Portfolio will open with strike prices of 20-30 (1pt increments) and position limits of 2,500,000 shares. The options will trade on the March expiration cycle. The specialist will be LaBranche Structured Products, LLC.
The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the WilderHill Progressive Energy Index (the "Progressive Energy Index"). The Adviser will seek to match the performance of the Progressive Energy Index. The Progressive Energy Index is a modified equal-weighted index composed of companies in transitional energy technologies significant in improving the use of fossil fuels and nuclear power. Companies in the Progressive Energy Index will be selected by WilderHill, LLC.