PowerShares launches five ETFs

PowerShares Capital Management LLC of Wheaton, Ill., launched five new exchange traded funds on the American Stock Exchange today. They are the PowerShares FTSE RAFI Asia Pacific ex-Japan Small-Mid Portfolio, PowerShares FTSE RAFI Development Markets ex-U.S. Small-Mid Portfolio, PowerShares FTSE RAFI Emerging Markets Portfolio, PowerShares FTSE RAFI Europe Small-Mid Portfolio, and PowerShares International Listed Private Equity Portfolio. The PowerShares International Listed Private Equity Portfolio has generated quite a lot of buzz. It seeks to replicate the Red Rocks International Listed Private Equity Index, which includes a diversified mix of more than 30 internationally listed companies with direct investments in more than 1,000 private global businesses. Constituents for the Index are selected based upon reputation, valuation, management, financial data, historical performance and the need for diversification within the Index, which is rebalanced quarterly.