The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:PowerShares Joins Competitors With a Corporate Bond Index ETF Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 19, 2010

PowerShares Joins Competitors With a Corporate Bond Index ETF

Reported by Daniel Tovrov

PowerShares filed registration Tuesday for a new exchange-traded fund that tracks the S&P International Corporate Bond Index. The PowerShares International Corporate Bond Portfolio will have an expense ratio of 50 basis points and should enter the market after the 60 day waiting period expires.

The fund is not the first corporate bond index tracking ETF. PowerShares competitor iShares launched the iBoxx $ High Yield Corporate Bond Fund in April 2007, which also has an expense of 50 bps. Passive powerhouse Vanguard has been offering the Vanguard Long-Term Corporate Bond ETF at the low price of 15 basis points since November.

The fund's portfolio will be managed by Peter Hubbard, Philip Fang and Jeffrey Kernagis.

BNY Mellon is the fund's custodian, accounting and transfer agent. Invesco will distribute the fund. Dechert provides legal counsel. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use