Founded by Bruce Bond in 2003, PowerShares has been one of the few fund firms focused on exchange-traded funds throughout its existence. PowerShares was one innovator in creating actively-managed ETFs.
Invesco purchased a controlling interest in PowerShares in January 2006 for $60 million in cash and $170 million of deferred payments. At the time of the sale it was the fourth largest ETF provider with $36 billion of assets in 36 ETFs.
Founder Bruce Bond resigned from day-to-day management in 2009. Ben Fulton took over as the top executive runnning the Invesco PowerShares business.
As of March 2012, PowerShares offered more than 140 ETFs. As of December 2011, the shop boasted more than $57.6 billion in assets.
Dan Draper Managing Director, Global Head of Exchange Traded Funds, Invesco PowerShares
Bruce Bond President, CEO, Co-Founder, Innovator Capital Management LLC
Jason Schoepke Chief Operating Officer, 01Spring
Ed McRedmond SVP, Business Development and National Accounts,
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