Changes Coming for Some PowerShares ETFs

Invesco PowerShares, the fourth-largest U.S. issuer of exchange traded funds, said Tuesday four of its ETFs are swapping indexes with two changing tickers.

The PowerShares S&P Emerging Markets High Beta Portfolio (NYSEArca: EEHB) will become the PowerShares S&P Emerging Market Momentum Portfolio (NYSEArca: EEMO) as it moves to the S&P Momentum Emerging Plus LargeMidCap Index.

The PowerShares S&P International Developed High Beta Portfolio (NYSEArca: IDHB) will become the PowerShares S&P International Developed Momentum Portfolio (NYSEArca: IDMO) as it swaps indexes to the S&P Developed ex US & South Korea LargeMidCap Index.

The PowerShares S&P International Developed High Quality Portfolio (NYSEArca: IDHQ) is changing indexes to the S&P Quality Developed ex US LargeMidCap Index, but that ETF’s ticker will remain the same.

The PowerShares S&P 500 High Quality Portfolio (NYSEArca: SPHQ) will also retain its ticker as its transitions to the S&P 500 Quality Index. All of the aforementioned changes will take effect on March 18, 2016, according to a statement issued by PowerShares.

PowerShares also said it is closing the following ETFs: The PowerShares China A-Share Portfolio (NYSEArca: CHNA), PowerShares Fundamental Emerging Markets Local Debt Portfolio (NYSEArca: PFEM), PowerShares KBW Capital Markets Portfolio (NYSEArca: KBWC) and the PowerShares KBW Insurance Portfolio (NYSEArca: KBWI).

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