Amex Launches Three New ETFs From PowerShares

The American Stock Exchange (Amex) has launched trading in three new exchange traded funds (ETFs) from PowerShares Capital Management LLC (PowerShares). The ETFs are based on equity indexes and are all sector portfolios. "We are very excited to welcome PowerShares

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The American Stock Exchange (Amex) has launched trading in three new exchange traded funds (ETFs) from PowerShares Capital Management LLC (PowerShares).

The ETFs are based on equity indexes and are all sector portfolios.

“We are very excited to welcome PowerShares back to the Amex for three new ETF listings,” says Cliff Weber, the Senior Vice President of the Amex ETF Marketplace. “The Amex takes great pride in supporting PowerShares’ 50 ETF listings on the Exchange as we continue to bring innovative products to the marketplace.”

“We are very pleased to be working with the Amex to expand the PowerShares family of ETFs,” adds Bruce Bond, the President of PowerShares. “Providing investors with direct, diversified and liquid access to the world of private equity is consistent with PowerShares’ goals as an asset manager. The LSTPE Index is both unique and innovative, and it is a great fit for our growing portfolio of exchange-traded funds.”

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