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Invesco To Launch Pure Style ETFs

Invesco PowerShares Capital Management is planning to launch a suite of nine fundamental pure style exchange-traded funds.

Invesco PowerShares Capital Management is planning to launch a suite of nine fundamental pure style exchange-traded funds (ETF). The group of portfolios will be based on the Research Affiliates Fundamental Index methodology.

Invesco PowerShares will list the PowerShares Fundamental Pure Large Growth Portfolio, based on the RAFI Fundamental Large Growth Index and the PowerShares Fundamental Pure Large Value Portfolio based on the RAFI Fundamental Large Value Index on the NYSE Arca on June 16, 2011. The ETF provider will also be changing the indexes, names and ticker symbols for seven of its existing ETFs.

Click here for the release from Market Wire.

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