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PowerShares To Shift ETFs To Pure Style
PowerShares is planning to switch seven existing products from its dynamic ETF range to Fundamental Pure Style ETFs.
PowerShares is planning to switch seven existing products from its dynamic ETF range to Fundamental Pure Style ETFs, Business Insider reports. The re-branded ETFs will seek to replicate RAFI benchmarks based on methodology, developed by Research Affiliates.
The company will also unveil two new ETFs, including the PowerShares FundamentalPure Large Growth Portfolio and the PowerShares Fundamental Pure LargeValue Portfolio based on the RAFI indices. Following the move, the PowerShares Fundamental Pure Style suite will include nine ETFs, including the Fundamental Pure Large Value Portfolio, the Fundamental Pure Mid Core Portfolio and the Fundamental Pure Small Growth Portfolio.
Click here for the story from Business Insider.