| Bruce Bond PowerShares Capital Management Founder, President and CEO | |
PowerShares Capital Management is setting the bar high for ETF launches and asset gathering.
Bruce Bond, chief executive of the Wheaton, Illinois-based firm, told
Reuters that the company plans to launch another 15 ETFs by year's end, including its first fixed-income ETF. Bond also sees the addition of another $4 billion to $5 billion in assets under management as "doable" by the end of 2007. PowerShares, a subsidiary of Invesco, currently has $14 billion in AUM.
 
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