PowerShares to Introduce Laddered Corporate Bond ETF

Invesco’s (NYSE: IVZ) PowerShares unit, the fourth-largest U.S. issuer of exchange traded funds, will introduce the PowerShares LadderRite 0-5 Year Corporate Bond Portfolio on Wednesday Sept. 10. The new ETF will trade on the NASDAQ Stock Market under the ticker LDRI. “The PowerShares LadderRite...