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Wednesday, June 15, 2011

Research Affiliates Powers Nine New ETFs

Reported by Neil Anderson, Managing Editor

Invesco PowerShares [see profile] is about to launch nine new exchange-traded mutual funds, all powered by Research Affiliates. The new ETFs, which PowerShares claims as "the first suite of fundamentals-weighted style box ETFs," are set to launch tomorrow on the NYSE Arca.

The new PowerShares Fundamental Pure Portfolio ETFs include large cap, mid-cap and small cap ETFs of growth, core and value types. Joshua Betts, Peter Hubbard, Michael Jeanette and Brian Picken will PM the ETFs. 

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