The PowerShares Global Progressive Transportation Portfolio (PTRP) is based on the Wilder NASDAQ OMXGlobal Energy Efficient Transport Index. The index tracks the performance of a global group of companies focused on technologies for utilization of greener, more efficient sources of energy to initiate a societal transition toward cleaner, less costly, and more efficient means of transportation.
The Index includes companies listed on global stock exchanges involved in four core focus areas: alternative vehicles; rail and subway systems; sea, land, air, and intermodal; and transport innovation. The Index is rebalanced quarterly using a modified market capitalization-weighting methodology with consideration to trading volume and float-adjusted market capitalization minimums.
“Improving the efficiency of moving people and goods worldwide through reduced fuel consumption and shortened transit times are just a few of the important issues progressive transportation companies are working to address,” said Bruce Bond, president and CEO of Invesco PowerShares, in a news release . “We believe the PowerShares Progressive Transportation ETF seeks to provide investors a convenient way to invest in a global portfolio of companies focused on sustainable transportation through the benefit-rich ETF structure.”
More information is available at www.invescopowershares.com .