PowerShares Plans RAFI ETF Push

PowerShares, the Chicagoland ETF issuer behind the ultra-popular QQQ that has expanded its presence in the alternative weighting arena in recent years, has plans to significantly expand its partnership with Research Affiliates, the firm that developed the RAFI methodology. Next month, PowerShares will convert seven existing products from its “Dynamic” ETF suite to Fundamental Pure Style ETFs that seek to replicate RAFI benchmarks. In addition, the company will introduce two new ETFs, including the PowerShares Fundamental Pure Large Growth Portfolio (PXLG) based on the RAFI Fundamental Large Growth Index and the PowerShares Fundamental Pure Large Value Portfolio (PXLV) based on the RAFI Fundamental Large Value Index. Following the shakeup, the PowerShares Fundamental Pure Style suite will include nine ETFs: Value Core Growth Large Fundamental Pure Large Value Portfolio (PXLV) Fundamental Pure Large Core Portfolio (PXLC) Fundamental Pure Large Growth Portfolio (PXLG) Mid Fundamental Pure Mid Value Portfolio (PXMV) Fundamental Pure [...] Click here to read the original article on ETFdb.com. Related Posts: Beyond SPY: Nine Alternatives To S&P 500 ETFs