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)
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