PowerShares announced today
that it has
exceeded $5 billion in assets under management. The PowerShares
ETF family
currently consists of 37 different funds.
"Advisors are continuing to embrace PowerShares and to incorporate
them
into client portfolios," said Bruce Bond, CEO of PowerShares
Capital
Management. "We are very encouraged with these early trends
and remain
committed to providing the most compelling ETF investments
possible to
investment professionals."
PowerShares was recently purchased by Advescap PLC, a London-based financial company who also owns and distributes the AIM mutual funds.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.