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CVRT

February continued the bull run in the U.S. market, with reports every week showing stronger economic growth both domestically and overseas. Even the arguing in Washington and worries of sequestration do not seem to be slowing down the upward market trend [for updates on all new ETFs, sign up for the free ETFdb newsletter].

After the slow rate of entry into the ETF space in the previous months, the introduction of nine new funds in February alone is cause for celebration and signifies that issuers are finally ready to reenter the market. Bringing the total count to 13 funds created so far in 2013, it does not look like this expansion will be slowing anytime soon [see Free Member Report: How To Pick The Right ETF Every Time]. 

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Invesco PowerShares announced in December that its board had approved the shuttering of thirteen exchange-traded portfolios near the end of February, including a number of energy funds, bond funds and equity portfolios. The move comes as the Chicago firm is looking to weed out some of its least productive ETFs and, unlike some other issuers, losing thirteen funds is barely a dent in Invesco’s portfolio of 171 funds. February 26 will be the last day of trading for the following ETFs:

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Bond ETFs For Every Objective

by on February 1, 2012 | Updated February 5, 2012

As the lineup of exchange-traded products has expanded dramatically in recent years, financial advisors have found themselves with more tools at their disposal than ever before. The extreme granularity of many of the equity products out there allows for cheap, low maintenance targeting of specific corners of the investable universe, while the development of some […]

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May ETF Roundup: Launches, Filings, and Closures

by on June 1, 2011 | Updated April 25, 2013

May was a tumultuous month for equity markets, as instability around the world pushed and pulled on major indexes through the last several weeks. Perhaps the biggest news of the month was the re-emergence of the European debt crisis; with Greece in yet another dire situation, many investors are concerned about the overall stability of […]

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Recapping A Wild Week

by on May 28, 2011 | Updated April 25, 2013

After concerns about Europe dominated trading in the early part of the week, U.S. and international markets staged a comeback in the final sessions of the week, putting most major benchmarks higher but not enough to break through into the green on the week. Though Friday was light on volume ahead of an extended holiday […]

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The latest addition to PowerShares’ ETF lineup is a fund focusing on convertible bonds, a unique asset class that maintains characteristics of both fixed income and equity securities. The new PowerShares Convertible Securities Portfolio (CVRT) will seek to replicate the performance of the BofA Merrill Lynch All U.S. Convertibles Index, which serves as the benchmark […]

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The reasons for the rise of the ETF industry are numerous: intraday liquidity, (potentially) superior tax efficiency, and enhanced transparency relative to traditional actively-managed mutual funds have all contributed to the billions of dollars of inflows that these funds have seen in recent years. But the real attraction for most ETF investors is the reduced […]

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