PowerShares Closing 10 ETFs in December
October 12, 2010 at 13:10 PM EDT
Invesco PowerShares announced plans to close 10 ETFs due to lack of investor interest. The last day of trading will be December 14, 2010. The firm is providing a full two-month notice, a move I consider to be shareholder-friendly. As always, I recommend shareholders avoid the liquidation process by selling all positions prior to the closure and use a limit order when selling. The press release of October 8, 2010 identifies the 10 ETFs as: PowerShares Dynamic Healthcare Services Portfolio (PTJ) PowerShares Dynamic Telecommunications & Wireless Portfolio (PTE) PowerShares FTSE NASDAQ Small Cap Portfolio (PQSC) PowerShares FTSE RAFI Europe Portfolio (PEF) PowerShares FTSE RAFI Japan Portfolio (PJO) PowerShares Global Biotech Portfolio (PBTQ) PowerShares Global Progressive Transportation Portfolio (PTRP) PowerShares NASDAQ-100 BuyWrite Portfolio … . . . → Full Story: PowerShares Closing 10 ETFs in December