PowerShares changes underlying fund of Global Water ETF

Invesco Canada has announced the underlying fund for its PowerShares Global Water Class, PowerShares Global Water Portfolio, will replace its index, the Palisades Global Water Index, with the NASDAQ OMX Global Water Index.

Effective March 1, 2012, the underlying fund will seek investment results that generally correspond (before fees and expenses) to the price and yield of the NASDAQ OMX Global Water Index, which is designed to track the performance of companies creating products that conserve and purify water for homes, businesses and industries.

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