The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the KBW Bank Index.
The fund generally invests at least 90% of assets in securities of national money centers (which are banks with more than $50 billion in assets and that have a branch network across geographic regions) and regional banks and thrifts that are listed on a U.S. national securities exchange. It concentrates its investments in securities of issuers in any one industry or sector only to the extent that the underlying index reflects a concentration in that industry or sector. The fund is non-diversified.
Links:  http://www.globalfunddata.com/funds/new/performance/management?variant=PowerShares
 http://www.globalfunddata.com/funds/new/performance/domicile?variant=United States
 http://www.globalfunddata.com/funds/new/performance/fund_administrator?variant=The Bank of New York Mellon
 http://www.globalfunddata.com/funds/new/performance/structure?variant=Open Ended Investment Company
 http://www.globalfunddata.com/funds/new/performance/city?variant=Wheaton___United States
 http://www.globalfunddata.com/funds/new/performance/country?variant=United States
 http://www.globalfunddata.com/funds/new/performance/custodian?variant=The Bank of New York Mellon
 mailto:email@example.com?subject=Mail from GFM Ltd