Invesco PowersShares Capital Management will shut 19 of its ETFs on May 18, which marks the final...
Invesco PowersShares Capital Management will shut 19 of its ETFs on May 18, which marks the final day of trading. The PowerShares Funds Board of Trustees decided at a meeting on Friday to close the funds in "an effort to position its business for future growth opportunities and to align its family of ETFs with the changing investment landscape." Invesco PowerShares president and CEO Bruce Bond comments: "After carefully evaluating numerous factors including shareholder considerations, length of time on the market, asset levels and the potential for future growth, we proposed clo...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
