Asset Class: Sector - Financial
ETF Structure: Open-End Fund
PowerShares FTSE RAFI Fin (PRFF) ETF Snapshot
The PowerShares FTSE™ RAFI Financials Sector Portfolio (Fund) seeks to replicate, before fees and expenses, the the FTSE™ Research Affiliates Fundamentals Financials Sector Index. The Index is designed to track the performance of the largest U.S. financial equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The U.S. financial equities with the highest fundamental strength are weighted by their fundamental scores. The fundamentally weighted portfolio is rebalanced and reconstituted annually.