Asset allocation is an important factor within a portfolio, and now Invesco PowerShares offers this strategy all wrapped up in an exchange traded fund (ETF). Their latest ETFs are designed to give investors access to long-term, core asset allocation strategies.

The newest portfolios are based on three distinct risk profiles, targeting a specific percentage of an investment in equity and fixed-income securities. Balanced, balanced growth and growth are set for a May 15 debut on the NYSE Amex, according to PowerShares.

Asset allocation is an important consideration for any investor – it helps one maintain their desired risk/reward profile. Depending on your desired level of risk and long-term goals, investments are spread over several types of asset classes, including equities, fixed-income and non-equity correlated assets.

The anticipated fund names and ticker symbols are:

• PowerShares Autonomic Balanced NFA Global Asset Portfolio (PCA)
• PowerShares Autonomic Balanced Growth NFA Global Asset Portfolio (PAO)
• PowerShares Autonomic Growth NFA Global Asset Portfolio (PTO)