Very poor diversificationOverlapping area represents amount of risk that can be diversified away by holding PowerShares Global Clean Energ and equity matching GSPC index in the same portfolio
PowerShares Diversification Suggestion
Use PowerShares to protect against small markets fluctuations. The etf experiences normal downward trend and little activity. Check odds of PowerShares to be traded at $11.62 in 30 days
PowerShares Price and Market Media
The median price of PowerShares for the period between Tue, Nov 5, 2013 and Thu, Dec 5, 2013 is 11.98 with a coefficient of variation of 1.17. The daily time series for the period is distributed with a sample standard deviation of 0.14, arithmetic mean of 11.95, and mean deviation of 0.12. The ETF did not receive any noticable media coverage during the period.
PowerShares Global Clean Energy [PBD] is traded in USA and was established in June 13, 2007. The fund is classified under Miscellaneous Sector category within PowerShares family. This fund at this time have 81 M in assets. PowerShares Global Clean Energy is currenly generating return of 53.56% with the current yeild of 0.92%, while the total return for the last 3 years was -12.87%.
PowerShares Global Clean Energy is rated below average in net asset as compared to similar ETFs. Total Asset Under Management (AUM) of Miscellaneous Sector category is currently estimated at about 3.64 Billion. PowerShares holds roughly 81 Million in net asset claiming about 2.23% of ETFs under Miscellaneous Sector category.
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