ETF World.........Inside Exchange Traded Funds

Monday, April 07, 2008


PKN - PowerShares Global Nuclear Energy Portfolio ETF

CHICAGO, IL -- (MARKET WIRE) -- -- PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), announced today the anticipated listing of a global nuclear energy portfolio. The ETF is expected to begin trading on April 3, 2008 on the NYSE Arca, Inc.

"Since 2001, nuclear power plants have achieved lower production costs than coal, natural gas and oil,"(1) said Bruce Bond, president and CEO of PowerShares Capital Management LLC. "We believe higher oil prices, rising standards of living, and demand for cleaner sources of energy are favorable trends powering worldwide growth for the nuclear energy industry. The PowerShares Global Nuclear Energy Portfolio provides investors exposure to the performance of the global nuclear energy industry in the benefit-rich ETF format."
Prospectus

PKN closed it's second day of trading on Monday at $26.43, up 6 cents.

Labels: , , ,


iShares Silver Trust (NYSE SLV)

The objective of the investment is to reflect the price of silver owned by the trust less the trust's expenses and liabilities. The fund is intended to constitute a simple and cost-effective means of making an investment similar to an investment in silver. Although the fund is not the exact equivalent of an investment in silver, they provide investors with an alternative that allows a level of participation in the silver market through the securities market.

Note: SLV closed 65 cents below the 50 day moving average on Monday.

Labels: , , ,