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Rating:A PowerShares ETF Hits $1B Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 11, 2012

A PowerShares ETF Hits $1B

News summary by MFWire's editors

And another ETF has hit a big milestone, Forbes reports.

Invesco's PowerShares Senior Loan Portfolio has just reached the $1bn asset under management mark, according to data by Morningstar.

According to writer Steve Miller, the The ETF loan fund initially raised $55 million during an initial public offering on March 2011 and hard garnered $194 million by the end of 2011.

To learn more about the fund, go to the Forbe's article.  

Edited by: HFD



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