PowerShares begun trading the PowerShares Europe Currency Hedged Low Volatility Portfolio (NYSE Arca: FXEU) on Monday, May 11, 2015.
Here is a synopsis of the new ETF:
FUND INFORMATION:
| Symbol: FXEU | Exchange: NYSE Arca |
| Name: PowerShares Europe Currency Hedged Low Volatility Portfolio | Net Expense Ratio: 0.25% |
FUND OBJECTIVE:
The PowerShares Europe Currency Hedged Low Volatility Portfolio seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P Eurozone Low Volatility USD Hedged Index.
REFERENCE INDEX:
The S&P Eurozone Low Volatility USD Hedged Index (Underlying Index) is designed to measure the performance of the 80 least volatile stocks in the S&P Eurozone BMI Index, while also employing a currency-hedged strategy to mitigate exposure to fluctuations between the value of the U.S. dollar and the currencies of the countries in which the component securities of the Index are domiciled.
The S&P Eurozone BMI Index includes publicly listed equity stocks of any capitalization and or style (e.g., growth or value stocks) of companies located in developed and emerging markets through-out the European Union. From the constituents of the S&P Euro-zone BMI Index, the S&P Dow Jones Indices LLC (Index Provider) selects securities with the least volatility over the past 12 months for inclusion in the Underlying Index. The Underlying Index is weighted such that the least olatile stocks receive the greatest weights. The Index holdings are then 100% currency hedged to the US dollar using rolling one month forward contracts that are adjusted monthly.
The Index constituents are rebalanced and reconstitutioned after the close on the 3rd Friday of March, June, September and December.
Fund Top Components (05/12/15):
| Ticker Symbol | Name | Weight |
| MAN | MAN SE | 3.03% |
| CLS1 | Celesio AG | 2.31% |
| RHK | RHOEN-KLINIKUM AG | 1.57% |
| SW | SODEXO | 1.57% |
| SK | SEB SA | 1.52% |
| DEQ | Deutsche Euroshop AG | 1.48% |
| VIV | VIVENDI | 1.46% |
| EBRO | EBRO FOODS SA | 1.44% |
| ETL | Eutelsat Communications | 1.37% |
| GBLB | Groupe Bruxelles Lambert SA | 1.37% |
Fund Sectors Breakdown (05/12/15):
| Financials | 27.06% |
| Consumer Staples | 19.71% |
| Consumer Discretionary | 13.99% |
| Industrials | 13.66% |
| Health Care | 8.45% |
| Utilities | 7.02% |
| Materials | 6.02% |
| Information Technology | 2.52% |
| Telecommunication Services | 1.18% |
Useful Links:
FXEU Home Page