As a result we’ve added PowerShares S&P SmallCap IT Portfolio (NSDQ: XLKS) to the Short-Term Opportunities section of our Portfolio. This fund will capitalize on the resurgence of M&A activity in the tech sector.

Last year saw a sharp uptick in M&A activity as industry powerhouses began to deploy their substantial cash hoards.

PowerShares S&P SmallCap IT Portfolio is heavy on financial IT names, firms involved with cloud computing and mobile phone applications–three industry niches that will experience significant M&A activity this year.

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