PowerShares converts Dynamic ETFs to FTSE RAFI

The five funds that will be switched to the new benchmarks with effect from 1 February include the PowerShares Dyanamic Europe, Global Developed Markets, Japan, UK and Italy funds. These will track a range of FTSE RAFI indices comprising the Emerging Markets, Asia Pacific Ex-Japan, Hong Kong China, All-World 3000 and Switzerland index respectively. The fees charged for the Europe fund, which becomes the FTSE RAFI Emerging Markets ETF, will increase from 0.75% to 0.85% per year. Fees for the Global Developed Markets fund, which will be renamed the FTSE RAFI Asia Pacific Ex-Japan fun...