PowerShares is a brand name for a family of exchange-traded funds (ETFs) managed by Invesco. The PowerShares ETFs track various indexes, and are designed to provide investors with exposure to specific investment themes or strategies. The PowerShares ETFs are traded on major US exchanges, and can be bought and sold like any other stock.
What are the 3 classifications of ETFs?
There are three broad classifications of ETFs: equity ETFs, fixed income ETFs, and commodity ETFs.
Equity ETFs are the most common type of ETF, and they track a basket of stocks that represent a particular index, sector, or country. For example, the SPDR S&P 500 ETF (SPY) tracks the S&P 500 Index, while the iShares MSCI Emerging Markets ETF (EEM) tracks an index of emerging market stocks.
Fixed income ETFs invest in bonds and other debt instruments, and they can be used to gain exposure to a particular bond market or to a specific type of bond (e.g., government bonds, corporate bonds, etc.). For example, the iShares Core U.S. Aggregate Bond ETF (AGG) tracks a broad index of U.S. government and corporate bonds, while the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) tracks an index of high-yield corporate bonds.
Commodity ETFs invest in commodities such as gold, silver, oil, and agricultural products. For example, the SPDR Gold Trust ETF (GLD) tracks the price of gold, while the United States Oil Fund ETF (USO) tracks the price of crude oil. What is the opposite of UVXY? There is no definitive answer to this question, as there is no such thing as an "opposite" ETF. However, some investors may consider the inverse ETF of UVXY to be the opposite, as it aims to achieve the opposite performance of UVXY.
What is ProShares Ultra VIX Short Term Futures? ProShares Ultra VIX Short-Term Futures ETF (UVXY) seeks to track the daily performance of the S&P 500 VIX Short-Term Futures Index Excess Return™. The index measures the return from rolling long positions in the first and second month VIX futures contracts. The fund invests in VIX futures contracts, other cash-equivalents and swap agreements. UVXY is an exchange-traded fund ("ETF") that seeks to track the daily performance of the S&P 500 VIX Short-Term Futures Index Excess Return™. The index measures the return from rolling long positions in the first and second month VIX futures contracts. The fund invests in VIX futures contracts, other cash-equivalents and swap agreements. What is the most popular ETF? The most popular ETF is the SPDR S&P 500 ETF (SPY). It is an exchange traded fund that tracks the S&P 500 stock market index. Did Invesco buy PowerShares? Invesco did not buy PowerShares. However, Invesco was an early investor in PowerShares and held a minority stake in the company until 2011 when Invesco sold its stake to Guggenheim Investments.