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Administration October 27, 2008
Invesco PowerShares Announces Lowered Expense Ratios
October 27, 2008 (PLANSPONSOR.com) - Invesco
PowerShares Capital Management LLC, a provider of
exchange-traded funds (ETFs) announced that expense ratios
for its eleven domestic PowerShares FTSE RAFI ETF portfolios
will be lowered to 39 basis points effective November 1,
2008.
Reported by Rebecca Moore
According to a press release, the ticker symbols and names for the portfolios are:
- PRF PowerShares FTSE RAFI US 1000 Portfolio
- PRFZ PowerShares FTSE RAFI US 1500 Small-Mid Portfolio
- PRFM PowerShares FTSE RAFI Basic Materials Sector Portfolio
- PRFG PowerShares FTSE RAFI Consumer Goods Sector Portfolio
- PRFS PowerShares FTSE RAFI Consumer services Sector Portfolio
- PRFE PowerShares FTSE RAFI Energy Sector Portfolio
- PRFF PowerShares FTSE RAFI Financials Sector Portfolio
- PRFH PowerShares FTSE RAFI Health Care Sector Portfolio
- PRFN PowerShares FTSE RAFI Industrials Sector Portfolio
- PRFQ PowerShares FTSE RAFI Telecom & Technology Sector Portfolio
- PRFU PowerShares FTSE RAFI Utilities Sector Portfolio
“The PowerShares fundamentals weighted ETFs are an important alternative to cap weighted portfolios seeking to provide investors higher returns with lower volatility over time. We are pleased to continue our industry leading role and will be lowering fees across the entire domestic FTSE RAFI lineup,” said Bruce Bond, President and CEO of Invesco PowerShares, in the press release.
More information is at www.invescopowershares.com .