PowerShares Multi-Strategy Alternative ETF Company Profile

Description

The investment seeks a positive total return that has a low correlation to the broader securities markets. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in a combination of equity securities, financial futures contracts, forward currency contracts and other securities. The sub-adviser selects investments for inclusion in the fund's portfolio with reference to the components of the Morgan Stanley Multi-Strategy Alternative Index (the "Benchmark") through a quantitative process that seeks to exceed the Benchmark's performance. The fund is non-diversified.