New 'Construction' ETF: PKB

PowerShares Capital Management is launching a new Exchange Traded
Fund (ETF) today: PowerShares Dynamic Building & Construction Portfolio
that may attract interest given the recent strength of home-building
stocks. Although the sector has pulled back recently on fears of a cooling
housing market, the Dow Jones U.S. Home Construction Index (DJ_HOM)
is up 48% over the past year with mortgage rates at historically low levels.

The fund is expected to hold 30 stocks, with about 40% of assets held in
home-building stocks such as D.R. Horton Inc. (DHI) and Lennar Corp.
(LEN). It will also invest in stocks from related industries such as suppliers
Lowe's Companies Inc. (LOW) and Home Depot Inc. (HD).