By: Benzinga
PowerShares Fires Its Own Shot in ETF Fee War
Invesco's (NYSE: IVZ ) PowerShares unit has become the latest ETF issuer to make its presence felt in the broadening ETF cost battle by announcing significant fee reductions on six of its funds. PowerShares, the fourth-largest U.S. issuer, said it has lowered the annual expense ratio on the $285.7 million
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