PowerShares Eyes First Variable Rate Preferred ETF
April 21, 2014 at 11:59 AM EDT
Invesco’s (NYSE: IVZ) PowerShares unit, the fourth-largest U.S. ETF sponsor, expects to launch the PowerShares Variable Rate Preferred Portfolio, the first variable rate preferred stock ETF, on May 1. The new ETF will trade on the New York Stock Exchange under the ticker “VRP.” The new ETF will...