Fund action - Tuesday, June 10, 2008

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Invesco PowerShares Touts Actively-Managed ETFs

Invesco PowerShares is positioning its new exchange-traded funds of exchange-traded funds as core offerings.

The firm launched three ETF of ETFs that allocate assets depending on an investors risk tolerance—Autonomic Balanced NFA Global Asset, Autonomic Balanced Growth NFA Global Asset and Autonomic Growth NFA Global Asset. “They have the tax benefits of an ETF, mitigating any capital gains distributions from the overlay, so you have a low-cost tax efficient approach to allocation using these funds,” said Bruce Bond, president and ceo.

Bond said PowerShares is focusing on educating advisors about the structure of the funds and how to use them in a portfolio. PowerShares has released fact sheets about the funds and is planning more value-added materials. “We want advisors to understand how to use them and why they are important to their business,” he said.

PowerShares has $12.75 billion in ETF assets.

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