Invesco PowerShares Capital Management
] 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.
, 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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