| From Business Week: Invesco PowerShares Capital Management LLC said Wednesday it will launch four exchange-traded funds focusing on commodity investments, with trading of the ETFs expected to begin Sept. 18 on the Nasdaq Stock Market. An ETF is a security that tracks an underlying benchmark much like an index mutual fund, but trades like a stock on an exchange. ETFs are known for having low expenses.
Bruce Bond, president and chief executive of PowerShares Capital Management, said the new ETFs reflect "increased demand and global opportunities focused on producing food and commodities.".... Full Article: Source
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