PowerShares Debuts High Beta, Low Volatility ETFs

PowerShares rolled out the latest additions to its ETF lineup on Thursday, commencing trading on two ETFs that offer exposure to specific subsets of the S&P 500 Index. The two new ETFs are: S&P 500 High Beta Portfolio (SPHB): This ETF will seek to replicate the S&P 500 High Beta Index, a benchmark that consists of 100 stocks from the S&P 500 with the highest sensitivity to movements in the broader index over the past 12 months. The underlying index is beta-weighted, making SPHB the first ETF to utilize that weighting methodology to offer exposure to the U.S. equity market. S&P 500 Low Volatility Portfolio (SPLV): This ETF will replicate the S&P 500 Low Volatility Index, a benchmark that consists of 100 stocks from the S&P 500 Index that have exhibited the lowest realized volatility over the previous 12 months. The underlying index is volatility weighted, making SPLV the first [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Alternatives To The World’s Largest Mutual Funds Closer Look At S&P 500 ETF Options Vanguard Launches New, Cheaper S&P 500 ETF (VOO) March ETF Stats: Another Solid Quarter Announcing The Free Head-To-Head ETF Comparison Tool