The fund generally will invest at least 90% of its total assets in common stocks of insurance companies that comprise the underlying intellidex. The underlying intellidex was composed of common stocks of 30 U.S. insurance companies. These companies are engaged principally in underwriting or distributing and reselling life, health and property/casualty insurance policies. It is nondiversified.PowerShares Dynamic Insurance [PIC] is traded in USA and was established in October 26, 2005.
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