PowerShares Dynamic Oil (PXJ)
PXJ: PowerShares Dynamic Oil
The investment seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Dynamic Oil Services Intellidex(SM) index. The fund normally invests at least 80% of total assets in common stocks of companies that assist in the production, processing and distribution of oil and gas. In pursuit of its objective, it may invest at least 90% of its total assets in common stocks that comprise the Oil Services Intellidex. It is non-diversified.
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