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.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
