"We are excited to introduce PowerShares XTFs, which represent the next step in the evolution of exchange traded funds," said Bruce Bond, president of PowerShares.
While the new ETFs are subject to the human selection process of a portfolio manager which PowerShares is touting as semi-actively traded they are still the product of a quantitative selection process.
The Dynamic Market Portfolio Index selects 100 stocks of the 2,000 largest companies listed on Amex, the
Quantitative variables used in assessment include fundamental growth, timeliness, valuation and risk factors. Portfolios are adjusted on a quarterly basis.