] has now joined the ETF fee war.
The firm will cut the expense ratios of six PowerShares
ETFs, reports Benzinga
. The company also put out a press release
on the move.
, managing director of global ETFs, said in a statement that the move was made to put the cost of these six PowerShares ETFs in line with the firm's other offerings.
"We continuously analyze ways to improve our overall ETF product lineup for investors," said Fulton. "We believe the lower fees announced today better align the six funds with our existing offerings, and help position the PowerShares family of ETFs for continued growth."
The expense-ratio changes are as follows:
PowerShares FTSE RAFI Developed Markets ex-U.S. drops to 45 basis points from 75 BPS
PowerShares FTSE RAFI Emerging Markets to 49 BPS from 85 BPS
PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio to 49 BPS from 80 BPS
PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio to 75 BPS from 80 BPS
PowerShares S&P International Developed High Quality Portfolio to 45 BPS from 75 BPS
PowerShares S&P 500 High Quality Portfolio to 29 BPS from 50 BPS
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