PowerShares International BuyBack ETF Company Profile

Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the NASDAQ International BuyBack AchieversTM Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the NASDAQ OMX Group, Inc. includes in the underlying index common stocks of foreign companies that are classified as "International BuyBack AchieversTM" pursuant to a proprietary selection methodology. It is non-diversified.