PowerShares Cleantech Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Cleantech Index (CTIUS). The Index is an equally weighted equity index that consists of publicly traded companies engaged in the cleantech industry. A company is considered to be a cleantech company if it produces any knowledge-based product or service that improves operation, performance, productivity or efficiency, while reducing costs, inputs, energy consumption, waste or pollution. Cleantech companies produce knowledge-based products or services in a variety of areas, including agriculture and nutrition, air quality, enabling technologies, environmental technologies, material and nano-technology, materials recovery and recycling, transportation and logistics, and water purification and management. Stocks will be selected by Cleantech Capital Indices LLC (the Index Provider).
The Fund will normally invest at least 80% of its total assets in common stocks of cleantech companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate the performance of the Index. The Fund generally will invest in all of the stocks comprising the Index in proportion to their weightings in the Index. The Fund’s investment advisor is PowerShares Capital Management LLC.
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