Asset Class: Sector - Natural Resources
ETF Structure: Open-End Fund
PowerShares Water Resources (PHO) ETF Snapshot
The PowerShares Water Resources Portfolio seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Palisades Water Index. The Palisades Water Index (ZWI) is a modified equal-dollar weighted index comprised of U.S. exchange-traded companies engaged in the global water industry. The Index includes companies that are well-positioned to benefit from the inevitable increase in the value of water as the demands of the global population adjust to the inter-relationships between human health, economic development, ecological sustainability.
* Trading Characteristics Definitions Spread : The average dollar difference between the best bid and best offer across all exchanges for the specified time period, weighted by volume. *Spread : Is the monthly average of the daily spread. % Spread : The average spread amount divided by the average bid-ask midpoint, weighted by volume. Share Volume : Composite Volume - total number of shares traded on all exchanges and Nasdaq. Dollar Volume : Dollar amount of shares traded on each exchange for the specified symbol, based on the stocks average price for the time period specified.