PowerShares Transforms a Handful of ETFs | ETF Trends

PowerShares reportedly plans to transform a bevy of its exchange traded funds (ETFs) and the moves include changing out indexes and strategies, and slashing fees.

On June 16th, PowerShares is dropping the IntelliDex indexes and will use fundamentally weighted RAFI  indexes instead. The Dynamic Intellidex strategies use a modified, equal-dollar-weighted methodology. Along with new indexes and strategies, the seven funds, which span small-, mid-and large-cap core, growth and value strategies, will also get new names and tickers, says Hannah Glover for Ignites. [In the ETF Price War, the Winner Is…]

PowerShares is also keeping the competition stiff with the slashing of some of their ETF fees. This is a direct response to the likes of Charles Schwab, and Vanguard, who are upping the ante in the industry with low-cost ETFs. [The ETF Price War Goes To Another Level.]

Tisha Guerrero contributed to this article.

The new changes to the ETFs are below:

Old Name (Ticker) Old Index New Name (Ticker) New Index Old Expense Ratio New Expense Ratio
Dynamic Large Cap Portfolio PJF Fundamental Pure Large Core Portfolio PXLC 0.65 0.39
Dynamic Mid Cap Growth Portfolio PWJ Fundamental Pure Mid Growth Portfolio PXMG 0.63 0.39
Dynamic Mid Cap Portfolio PJG Fundamental Pure Mid Core Portfolio PXMC 0.65 0.39
Dynamic Mid Cap Value Portfolio PWP Fundamental Pure Mid Value Portfolio PXMV 0.63 0.39
Dynamic Small Cap Growth Portfolio PWT Fundamental Pure Small Growth Portfolio PXSG 0.63 0.39
Dynamic Small Cap Portfolio PJM Fundamental Pure Small Core Portfolio PXSC 0.65 0.39
Dynamic Small Cap Value Portfolio PWY Fundamental Pure Small Value Portfolio PXSV 0.63 0.39

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.