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Active AlphaQ Fund (PQY) |
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WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
Active AlphaQ Fund (PQY)
Overview
The PowerShares Active AlphaQ Fund (Fund) rates the stocks of companies with more than $400 million market cap (about 3,000 stocks) that are traded in the United States. Weekly, the Fund's Sub-Adviser generates a master stock list that ranks these stocks, segmented by market cap, based on its proprietary stock-ranking methodology. Stocks are selected based on factors such as strong earnings growth, low valuations and positive money flow. Fund managers then define their universe as the 100 largest Nasdaq-listed Global Market Securities from their master stock list. The Fund then generally selects and purchases approximately 50 stocks.
The Fund generally invests in a portfolio of 50 Nasdaq–listed securities selected using a unique stock-screening methodology developed by AER Advisors, Inc.
Fund Information
- Fund Manager - Invesco PowerShares
- Inception Date - 04/11/2008
- Exchange - New York Stock Exchange Arca
- Index Ticker - PQY
- Intra-day NAV Ticker - PQY.IV
- Expense Ratio - 0.75%
Top Holdings
| Name | % of Fund |
| Joy Global Inc. | 3.03% |
| Citrix Systems Inc. | 2.83% |
| NetApp Inc. | 2.61% |
| eBay Inc. | 2.59% |
| Millicom International Cellular S.A. | 2.58% |
| Asiainfo Holdings Inc. | 2.50% |
| Life Technologies Corp. | 2.48% |
| Liberty Media Corp. Series A Liberty Entertainment | 2.47% |
| Marvell Technology Group Ltd. | 2.34% |
| Warner Chilcott Plc | 2.28% |
Holdings as of 20/10/2009
References
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