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Friday, June 09, 2006

PowerShares Powering Ahead

by: Marie Glancy

PowerShares has filed with the SEC to launch the bulk of the 35 new ETFs it has said are planned for roll-out this year.

It's been a big few months for the Wheaton, Illinois-based firm. In addition to developing these new 31 funds, which almost double its previous set list of 37 ETFs, it has brought on board a new national sales manager and a new vice president of product development. And of course, its purchase by Amvescap, announced in January, should soon be finalized.  

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