Companies launch nanotech exchange traded fund

Oct. 25, 2005 — Lux Research Inc., a nanotechnology research and advisory firm, announced a partnership with PowerShares Capital Management LLC to introduce the PowerShares Lux Nanotech Portfolio, a nanotechnology Exchange Traded Fund, or ETF.

The companies said they expect the fund to begin trading on the American Stock Exchange on October 26 under the symbol PXN. The fund is designed to track the Lux Nanotech Index, which includes 26 public companies. It is rebalanced and reconstituted on a quarterly basis.

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