PowerShares Debuts NYSE Century Portfolio

Invesco’s (NYSE: IVZ) PowerShares unit, the fourth-largest U.S. ETF issuer, introduced the PowerShares NYSE Century Portfolio ETF (NYSEArca: NYCC) today. With an annual expense ratio of 0.5%, the new ETF will track the NYSE Century Index. That index was launched in July 2012 to recognize U.S.-based...