PowerShares International Corporate Bond Portfolio is an open-end management investment company. The Fund seeks investment results that generally correspond to the price and yield of the S&P International Corporate Bond Index?®. The underlying index measures the performance of investment grade corporate bonds issued in the currencies of Group of Ten countries, excluding the U.S. Dollar, Australia Dollar, British Pound, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Norwegian Krone, Swedish Krona and Swiss Franc. As of Oct 31 2013, the Fund's total assets were $158,892,154 and the Fund's investment portfolio was valued at $153,493,371. We show 1 historical shares outstanding datapoints in our PICB shares outstanding history coverage, used to compute PICB market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PICB market cap history over the course of time is important for investors
interested in comparing PICB's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PICB versus a peer is one thing; comparing
PICB market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PICB can fluctuate over the course of history.
With this page we aim to empower investors researching PICB by allowing them to research the PICB market cap history. |
Free PICB Email Alerts:
Video: The Importance of Market Cap
