POWERSHARES PREFERRED: (AMEX: PGX)
May 17 03:59 PM ET
BENCHMARK for PGX
MERRILL LYNCH FIXED RATE PREFERRED SECUR
This Index is a market capitalization-weighted index designed to reflect the total return performance of the fixed rate U.S. dollar-denominated preferred securities market.The Index includes traditional preferred securities & other preferred securities, including preferred securities issued by foreign companies in the form of American Depository Shares.
FUND SUMMARY FOR PGX
It is based on The BofA Merrill Lynch Core Fixed Rate Preferred Securities Index. It invests at least 90% of its assets in securities comprising the Index which is designed to replicate the total return of a diversified group of investment-grade preferred securities. The Index is rebalanced on a monthly basis.
Zacks Commentary For PGX
Feb, 14 2013