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: ETF, etf investing, ETFs, exchange traded funds