About Powershares Kbw Bank ETF
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the KBW Nasdaq Bank Index. The fund generally invests at least 90% of its total assets in securities of national money centers and regional banks and thrifts that are listed on a U.S. national securities exchange and that comprise the underlying index. The underlying index is a modified-market capitalization-weighted index that seeks to reflect the performance of national money centers and regional banks and thrifts that are publicly traded in the U.S. The fund is non-diversified.