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InvescoPowerShares Revamps 5 ETFs
July 1, 2010
SAN DIEGO (ETFguide.com) – Invesco PowerShares has changed the name and underlying indexes for five of its equity exchange-traded funds (ETFs).
The following ETF portfolios are affected by this change:
--PowerShares Autonomic Growth NFA Global Asset (NYSEArca: PTO) is now the PowerShares Ibbotson Alternative Completion Portfolio
--PowerShares Autonomic Balanced Growth NFA Global Asset (NYSEArca: PAO) is now the PowerShares RiverFront Tactical Balanced Growth Portfolio
--PowerShares Autonomic Balanced NFA Global Asset (NYSEArca: PCA) is now the PowerShares RiverFront Tactical Growth & Income Portfolio
--PowerShares Value Line Timeliness Select (NYSEArca: PIV) is now the PowerShares S&P 500 High Quality Portfolio
--PowerShares Value Line Industry Rotation (NYSEArca: PYH) is now the PowerShares Morningstar StockInvestor Core Portfolio
PTO, PAO and PCA employ an investment strategy whereby they own other ETFs. The three funds charge annual expenses of 0.25% not including the cost of ETFs owned within their respective portfolios.
Additionally, the expense ratios for PIV and PYH were reduced from 0.70% to 0.50%.
Fund ticker symbols remain unchanged.
Combined together, all five Invesco PowerShares ETFs have $106.80 million in assets.
“We believe the new indexes will better align the portfolios with the changing investment landscape, provide investors with the potential for improved risk-adjusted returns, and position our family of ETFs for continued growth,” said Ben Fulton, Invesco PowerShares managing director of global ETFs. |
