PowerShares Launches Nine RAFI Style ETFs

PowerShares, one of the largest ETF issuers by assets, made the latest step in its push towards alternative index products on Thursday. The company converted 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. The nine new ETFs will cover value, growth, and blend strategies across three major market capitalization, giving investors interested in the RAFI methodology an opportunity to finely tune U.S. equity market exposure: 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: PowerShares Plans RAFI ETF Push May ETF Roundup: Launches, Filings, and Closures RAFI ETF Turns Five, Celebrates Results Does Your Portfolio Need A “RAFI ETF”? This Week In ETFs: March 5th Edition