As returns on market increase, PowerShares returns are expected to increase less than the market. However during bear market, the loss on holding PowerShares will be expected to be smaller as well.
Weak 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 Price and Market Media
The median price of PowerShares for the period between Mon, Apr 22, 2013 and Wed, May 22, 2013 is 9.36 with a coefficient of variation of 5.32. The daily time series for the period is distributed with a sample standard deviation of 0.5, arithmetic mean of 9.43, and mean deviation of 0.42. 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 12, 2007. The fund is classified under Miscellaneous Sector category within PowerShares family. This fund at this time have 64.63 M in assets. PowerShares Global Clean Energy is currenly generating return of 9.46% with the current yeild of 1.88%, 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 2.78 Billion. PowerShares holds roughly 64.63 Million in net asset claiming about 2.32% of ETFs under Miscellaneous Sector category.
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