PowerShares to Change Tickers on Small-Cap ETFs

Invesco PowerShares and Select Sector SPDRs have reached a deal that would further differentiate their lineup of sector exchange traded funds (ETFs)

A settlement has been reached under which PowerShares will voluntarily change  the ticker symbols of its nine S&P SmallCap Sector ETFs. The changes are aimed at making the PowerShares S&P SmallCap Sector ETF tickers more distinguishable from the Select Sector SPDR tickers.

The PowerShares SmallCap Sector ETFs will begin trading under the new tickers in late March 2011; everything else about the funds will remain the same. The new tickers are as follows:

• Consumer Discretionary was XLYS, will become PSCD
• Consumer Staples was XLPS, will become PSCC
• Energy was XLES, will become PSCE
• Financials was XLFS, will become PSCF
• Health Care was XLVS, will become PSCH
• Industrials was XLIS, will become PSCI
• Information Technology was XLKS, will become PSCT
• Materials was XLBS, will become PSCM
• Utilities & Telecom Services was XLUS, will become PSCU

The new tickers on the PowerShares SmallCap Sector ETFs and on their intraday NAVs will go into effect before the end of March, 2011. The tickers of the fund’s underlying indexes will remain the same. The funds will still be listed on the NASDAQ.

Disclosure NONE.