PowerShares is growing its family of actively managed exchange traded funds (ETFs) this month. The newest addition to the family will focus on U.S. real estate and will trade on the NYSE Arca.
MarketWatch reports that the new ETF will list as the PowerShares Active US Real Estate Fund (PSR).
The ETF seeks to provide high total return by investing in publicly traded U.S. real estate companies selected using a proprietary stock selection model developed by Invesco Institutional (N.A.), Inc. The fund will invest mostly in real estate investment trusts (REITs).
The anticipated expense ratio is 0.80%.
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