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Tuesday, January 12, 2010|
PowerShares Raises Fees on its Dollar Menu
PowerShares has raised expense ratios on two of its U.S. dollar-indexed ETFs. As of last Monday, January 4, expense ratios on the PowerShares DB U.S. Dollar Index Bullish Fund and PowerShares DB U.S. Dollar Index Bearish Fund have increased from 50 to 75 basis points. The change is noted on the funds' website.
The Dollar Index Bullish fund holds around $3 billion in assets, and is increasing in popularity alongside the increasing strength of the dollar. The fund's Bearish counterpart is tooled to perform well with a weak dollar. It holds around $290 million in assets.
The Wall Street Journal also picked up the story in a Fund Track piece about currency-exposed ETFs.
Printed from: MFWire.com/story.asp?s=23864
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