PowerShares Capital Management has added another fundamentals-based exchange traded fund (ETF) to its expanding family.

The fund tracks the FTSE RAFI global index, and will cover international real estate outside the US. PowerShares FTSE RAFI International Real Estate ex-US Portfolio (PRY) has been listed on the NYSE Arca trading platform.

The expansion of global markets is accelerating, and these ETFs will provide exposure to real estate companies outside our own borders and in developed markets, according to a Hedgeweek press release.

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.

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