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Wednesday, July 10, 2013

PowerShares Celebrates a $5B Milestone

Reported by Nicole Spector

Invesco PowerShares Capital Management [profile] is celebrating a landmark achievement.

The Chicago-based firm announced today that its PowerShares Fundamental suite of ETFs topped the $5-billion AUM mark.

The line of ETFs, which leverage a "smart-beta" strategy, was first rolled out in 2005 with the US 1000 ETF. The suite picked up steam along the years, with international portfolios being added in 2007, and the first fixed-income portfolio coming into place in 2011.

Andrew Schlossberg, head of global ETFs at Invesco notes that investors are "readily adopting Fundamental strategies along with low volatility, high beta, and momentum-based ETFs as potential effective smart beta portfolio solutions.

The shop currently has 28 equity and four fixed-income ETFs in the product line.

See the full press release which contains charts and graphs here.  

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