PowerShares is adding three new members to its exchange traded fund (ETF) family. They are fixed-income ETFs and include a tax-free variable rate demand obligations(VRDO) portfolio. A high-quality preferred and U.S. dollar denominated high-yield corporate bond portfolios also were added. These ETFs will begin trading on the American Stock Exchange on November 15:

  • PowerShares VRDO Tax-Free Weekly Portfolio (PVI)
  • PowerShares Preferred Portfolio (PGX)
  • PowerShares High Yield Corporate Bond Portfolio (PHB)

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.