MutualFundWire.com: PowerShares' Bond Sees High Growth Potential For the Rest of 2007

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Friday, August 3, 2007

PowerShares' Bond Sees High Growth Potential For the Rest of 2007

Bruce Bond
PowerShares Capital Management
Founder, President and CEO

PowerShares Capital Management is setting the bar high for ETF launches and asset gathering. Bruce Bond, chief executive of the Wheaton, Illinois-based firm, told Reuters that the company plans to launch another 15 ETFs by year's end, including its first fixed-income ETF. Bond also sees the addition of another $4 billion to $5 billion in assets under management as "doable" by the end of 2007. PowerShares, a subsidiary of Invesco, currently has $14 billion in AUM.

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