Powershares Global Steel Portfolio ETF (PSTL)

 
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Global Steel Portfolio ETF (PSTL)

Overview

The PowerShares Global Steel Portfolio (Fund) is based on the NASDAQ OMX Global Steel IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs and GDRs based on the securities in the Index. The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in the manufacturing and storage of iron and steel products. The Index is rebalanced quarterly using a modified, market-cap-weighted methodology. [1]

Fund Information

  • Fund Manager - Invesco Powershares
  • Inception Date - 09/18/2008
  • Exchange – NASDAQ Exchange
  • Index Ticker - PSTL
  • Intra-day NAV Ticker – PSTL.IV
  • Expense Ratio - 0.75%

Top Holdings

Holdings % of Portfolio
POSCO 9.47%
ArcelorMittal SA 7.72%
Companhia Siderurgica Nacional 7.35%
Nippon Steel Corp. 6.89%
JFE Holdings Inc. 5.48%
ThyssenKrupp AG 3.89%
Nucor Corp. 3.51%
Sumitomo Metal Industries Ltd. 3.37%
China Steel Corp. 3.32%
Fortescue Metals Group Ltd. 3.03%


Holdings as of 27/10/2009

ETF Name ETF Name Fund Manager
Global Steel Portfolio ETF (PSTL)Global Steel Portfolio ETF (PSTL)Invesco PowerShares
Market Vectors Steel ETF (SLX)Market Vectors Steel ETF (SLX)Van Eck Funds


References

  1. - Overview of Global Steel Portfolio ETF (PSTL)
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