PYH came to the market place in late 2006. It is an index fund giving investors the chance to participate in Value Line's suggested "#1 Timeliness Ranked" stocks and industries. While doing so, the investor, through the fund, participates in about 75 different individual stocks representing ten industries.
While it's track record is relatively short, PowerShares has constructed a representative history of how the fund would have done had it been in existance for many years. Here's a graphic of that simulated history:
"The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Value Line Industry Rotation Index before the fees and expenses of the Fund. The Index is comprised of 75 stocks chosen based on their Timeliness Rank and their industry Timeliness rank. The Fund may normally invest at least 90 percent of its total assets in common stocks that comprise the Index. The Index uses the core component rankings of the Value Line Investment Survey and Rankings, which includes the Timeliness Ranking System."
More info:
powershares.com
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