The first performance-based exchange-
traded funds will be launched Thursday by PowerShares Capital Management. Index stocks will be selected based on their growth potential as represented by two new American Stock Exchange indexes, each with 100 stocks. The Dynamic Market Intellidex index is composed of quarterly selections from the 2,000 largest U.S.-based stocks, by market capitalization, on the AMEX, New York Stock Exchange or Nasdaq National Market. The Dynamic OTC Intellidex index is composed of quarterly selections from the 1,000 largest U.S. companies on the Nasdaq National Market.