PowerShares Financial Preferred Stock Quote & Summary Data
(ETF)
*Delayed - data as of May 23, 2013
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Description:The PowerShares Financial Preferred Portfolio ("the Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Wells Fargo Hybrid & Preferred Financial Index (the "Underlying Index"). The Underlying Index is a market capitalization weighted index designed to track the performance of preferred securities issued in the U.S. market by financial institutions. The Underlying Index is currently comprised of preferred securities of approximately 41 financial institutions that have received an industrial sector classification of "financial" from the Bloomberg Professional Service. The Fund will normally invest at least 80% of its total assets in preferred securities of financial institutions.
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