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Thursday, July 01, 2010

PowerShares Reboots Five Funds

News summary by MFWire's editors

Invesco PowerShares is rebranding five of its ETFs as it switches the indexes that they follow. This week the ETF specialists revealed the switches:

  • PowerShares Autonomic Growth NFA Global Asset Portfolio is now called PowerShares Ibbotson Alternative Completion Portfolio; it's old index was New Frontier Global Dynamic Growth Index and now it tracks the Ibbotson Alternative Completion Index;

  • PowerShares Autonomic Balanced Growth NFA Global Asset Portfolio is now called PowerShares RiverFront Tactical Balanced Growth Portfolio; it switched from the New Frontier Global Dynamic Balanced Growth Index to the RiverFront Global Tactical Balanced Index;

  • PowerShares Autonomic Balanced NFA Global Asset Portfolio is now called PowerShares RiverFront Tactical Growth & Income Portfolio; it switched from the New Frontier Global Dynamic Balanced Index to the RiverFront Global Tactical Balanced Growth & Income Index;

  • PowerShares Value Line Timeliness Select Portfolio is now called PowerShares S&P 500 High Quality Portfolio; it switched from the Value Line Timeliness Select Index to the S&P 500 High Quality Rankings Index;

  • and the PowerShares Value Line Industry Rotation Portfolio is now called PowerShares Morningstar StockInvestor Core Portfolio; it switched from the Value Line Industry Rotation Index to the Morningstar StockInvestor Core Index

    Edited by: Neil Anderson, Managing Editor


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