PXN: Nanotech Portfolio

Nanotechnology (Read the posting in our sister website, 2Physics) is the talk of the day in scientific world but it could not yet gather enough momentum in financial market. Most of the stocks of the Nanotech industry lack a solid financial guideline and good level of visibility ahead and so most of these are too volatile and do not seem to be good bets for average investors.

Powershares ETF (Exchange Traded Fund) , PXN may be a good choice for those who are keen to be in this field and reap the harvest after a few years, while averaging out risks and gains of investing in individual companies.

The ETF is based on the PowerShares Lux Nanotech Portfolio which seeks to replicate, before fees and expenses, the Lux Nanotech Index. The index tries to identify a group of companies involved in developing, manufacturing and funding nanotechnology applications. Companies may be involved in one or more stages of Lux's nanotechnolgy value chain frameworks:
Nanomaterials, Nanointermediates, Nano-enabled Products and Nanotools. The modified market-cap portfolio is rebalanced quarterly and reconstituted quarterly.

Yesterday PXN closed at $17.43.