PowerShares Renames Q-50 Index Fund

Invesco PowerShares announced a name change for the ETF that tracks the Q-50 index.  The index includes the 50 companies that are next in line to join the Nasdaq 100.

The PowerShares NXQ Portfolio (PNXQ) was formerly known as the PowerShares NASDAQ NextQ Portfolio.  The change better aligns the fund’s name with the ticker symbol and common usage by market participants.

See the PowerShares ETF directory for a complete listing.