Although it would like investors to see PNXQ as a complement to QQQ, market conditions and stormy economic views offer stiff headwinds. 

PowerShares Capital Management has renamed its NextQ Portfolio (Nasdaq: PNXQ), an ETF launched last April to build off the brand recognition of the PowerShares QQQ (Nasdaq: QQQQ).

PNXQ is now called the PowerShares NXQ Portfolio. The fund is already known in the market as PNXQ, therefore, PowerShares wants a tie-in to the ticker in attempting to position the fund as a portfolio complement to QQQ, the company said in a statement.

While the company indicated that market use of the ticker symbol drove the early name change for the fund, just how well PNXQ is known in the market, may be the larger issue.

Just launched in April, the fund has yet to attract any considerable assets. It had $1.8 million in market value, as of Sept. 30, and 100,000 shares outstanding,  according to the

...

European ETF market is still well behind US. By the end of 2007 assets in European ETF bln vs US $581 bln. Nevertheless European assets grew by 43% last year. In terms of issues 423 vs 601. Even thought ETF is the fastest growing retail investment product ETF market makes up only 5% of mutual funds assets in US. In Europe the number is even smaller, around 2%.Equity based ETF are the most popular. In Europe it's about 80% of the market and in US 90%. Bonds are glamour ETF in Europe.Worldwide leading issuer is Barclays Global Investors (BSC), iShares. In US followed by State Street Global Advisors, Vanguard, Power Shares, ProShares and others. In Europe first position again for Barclays, then Lyxor and Deutsche Bank (DB) with rapidly growing db x-trackers.Ten top ETF...

ETF market is booming. Let's have a look which ETF are currently the biggest in terms of assets value. SPY is still leading and has also biggest nominal increase year on year basis. Among top 10, the highest percentage assets increase has been seen for Emerging market EEM (63%). Followed by Gold GLD 51%.That's where ETF money had flowed in last 12 months. ETF Ticker Assets ($ mil) SPDR Index 500 (SPY) 75,121 iShares MSCI-EAFE (EFA) 47,363 ...