PowerShares To Close 10 ETFs

By: ETFdb
PowerShares, the Wheaton, Illinois-based ETF issuer known for its QQQ fund and line of products linked to “intelligent” benchmarks, announced late last week that it will shut down several ETFs before the end of the year. December 14 will be the last day of trading for ten PowerShares ETFs: 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 (PQBW) PowerShares NXQ Portfolio (PNXQ) PowerShares Zacks Small Cap Portfolio (PZJ) “We regularly review portfolios carefully evaluating numerous factors such as investment results, length of time in the market, investor interest, and the potential for future growth,” said Ben Fulton, Invesco PowerShares managing director of global ETFs, in a press release. “Based [...] Click here to read the original article on ETFdb.com. Related Stories: PowerShares To Reshuffle ETF Indexes Claymore To Close Four ETFs Four ETFs To Close Their Doors
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