PowerShares beginning ETFs in transport, biotech

09/18/2008 | IndexUniverse.com

Invesco PowerShares is expected to launch two sector exchange-traded funds Thursday, one concentrating on global transportation stocks and the other on global biotech firms. The Global Progressive Transportation Portfolio and the Global Biotech Portfolio take slightly different positions from their competitors: The transportation portfolio has an energy bend, and the biotech portfolio has a global bend.

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