January 07, 2013 at 07:00 AM EST
PowerShares To Shut Down 13 ETFs
Invesco PowerShares announced in December that its board had approved the shuttering of thirteen exchange-traded portfolios near the end of February, including a number of energy funds, bond funds and equity portfolios. The move comes as the Chicago firm is looking to weed out some of its least productive ETFs and, unlike some other issuers, losing thirteen funds is barely a dent in Invesco’s portfolio of 171 funds. February 26 will be the last day of trading for the following ETFs: Dynamic Insurance Portfolio (PIC) Morningstar StockInvestor Core Portfolio (PYH) Dynamic Banking Portfolio (PJB) Global Steel Portfolio (PSTL) Active Low Duration Portfolio (PLK) Global Wind Energy Portfolio (PWND) Active Mega-Cap Portfolio (PMA) Global Coal Portfolio (PKOL) Global Nuclear Energy Portfolio (PKN) Ibbotson Alternative Completion Portfolio (PTO) RiverFront Tactical Balanced Growth Portfolio (PAO) RiverFront Tactical Growth & Income Portfolio (PCA) Convertible Securities Portfolio (CVRT) Ticker AUM Inception PIC $7.8 October 2005 PYH $14 December [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Plays To Heed Bill Gross’ Warnings PowerShares To Reshuffle ETF Indexes Schwab Offers ETF Portfolios ETF Update: Pipeline Continues To Fill MATH Lesson: AdvisorShares Rolls Out Tactical Advantage ETF
Invesco PowerShares announced in December that its board had approved the shuttering of thirteen exchange-traded portfolios near the end of February, including a number of energy funds, bond funds and equity portfolios. The move comes as the Chicago firm is looking to weed out some of its least productive ETFs and, unlike some other issuers, losing thirteen funds is barely a dent in Invesco’s portfolio of 171 funds. February 26 will be the last day of trading for the following ETFs: Dynamic Insurance Portfolio (PIC) Morningstar StockInvestor Core Portfolio (PYH) Dynamic Banking Portfolio (PJB) Global Steel Portfolio (PSTL) Active Low Duration Portfolio (PLK) Global Wind Energy Portfolio (PWND) Active Mega-Cap Portfolio (PMA) Global Coal Portfolio (PKOL) Global Nuclear Energy Portfolio (PKN) Ibbotson Alternative Completion Portfolio (PTO) RiverFront Tactical Balanced Growth Portfolio (PAO) RiverFront Tactical Growth & Income Portfolio (PCA) Convertible Securities Portfolio (CVRT) Ticker AUM Inception PIC $7.8 October 2005 PYH $14 December [...]

Click here to read the original article on ETFdb.com.

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