Lux Nanotech Portfolio (PXN)

Description:

The PowerShares Lux Nanotech Portfolio (Fund) is an exchange-traded fund (ETF) based on the Lux Nanotech Index™ (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies that are in the nanotechnology field and are involved with funding nanotechnology development, developing nanotechnology applications, manufacturing goods that incorporate those applications and/or supplying tools and instrumentation to nanotechnology researchers. The Fund started on October 26, 2005 and the Fund and the Index are rebalanced and reconstituted quarterly.