As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, PowerShares will likely underperform.
The median price of PowerShares for the period between Fri, Apr 19, 2013 and Sun, May 19, 2013 is 22.31 with a coefficient of variation of 2.47. The daily time series for the period is distributed with a sample standard deviation of 0.55, arithmetic mean of 22.33, and mean deviation of 0.47. The ETF did not receive any noticable media coverage during the period.
PowerShares Water Resources [PHO] is traded in USA and was established in December 5, 2005. The fund is classified under Miscellaneous Sector category within PowerShares family. This fund at this time have 921.61 M in assets. PowerShares Water Resources is currenly generating return of 10.75% with the current yeild of 0.7%, while the total return for the last 3 years was 13.75%.
The fund invests 99.91% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.
PowerShares Water Resources is regarded second largest ETF 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 totals roughly 921.61 Million in net asset claiming about 25% of ETFs under Miscellaneous Sector category.
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