Two New RAFI Fundamental Pure Style ETFs From PowerShares
June 25, 2011 at 08:33 AM EDT
Last week (6/16/11), PowerShares rebranded seven of the nine ETFs in its suite of “Dynamic” style box ETFs as “Fundamental Pure” style box ETFs. For some reason, the PowerShares Dynamic Large Cap Growth Portfolio (PWB) and PowerShares Dynamic Large Cap Value Portfolio (PWV) were excluded from this makeover. Instead, two new ETFs were introduced that both round out the new Fundamental Pure style suite and will compete with PWB and PWV that remain a part of the PowerShares lineup. The two new ETFs, PowerShares Fundamental Pure Large Growth Portfolio (PXLG) and PowerShares Fundamental Pure Large Value Portfolio (PXLV), were listed for trading on June 16. The underlying indexes are based on the Research Affiliates Fundamental Index (RAFI) methodology, a rules-based process . . . → Read More: Two New RAFI Fundamental Pure Style ETFs From PowerShares
