|
Written by Murray Coleman
|
Friday, 01 May 2009 13:46 | Related ETFs:
PDQ / PFP / PHJ / PRY
|
|
Page 2 of 2
PowerShares actually came out last year with the first active stock ETFs. It has been adding to that stable and continues to support quant funds through its Dynamic family along with other nontraditional portfolios.
The two other ETFs set to be closed are tackling rather specialized markets. The PowerShares International Listed Private Equity Portfolio (NYSE: PFP) came out in late 2007 just as credit markets were collapsing and private equity firms were starting to fall on hard times. It has attracted just $12.6 million, according to PowerShares.
The other specialty ETF shuttering is the PowerShares High Growth Rate Dividend Achievers Portfolio (NYSE: PHJ). The dividend-seeking marketplace has greatly expanded since PHJ debuted in 2005. It has about $13 million in assets.
The last day of trading for the ETFs being closed will be May 18. The company is warning that as the liquidation process gets under way, "this process will cause each fund's holdings to deviate from the securities included in its underlying index."
Shareholders of record on May 18 will receive cash equal to the amount of the net asset value of their shares as of May 22. That cash value should include any capital gains and dividends left in the cash portion of investors' brokerage accounts, PowerShares says.
The complete list of ETFs to be closed is:
- PowerShares Dynamic Aggressive Growth Portfolio (PGZ)
- PowerShares Dynamic Asia Pacific Portfolio (PUA)
- PowerShares Dynamic Deep Value Portfolio (PVM)
- PowerShares Dynamic Europe Portfolio (PEH)
- PowerShares Dynamic Hardware & Consumer Electronics Portfolio (PHW)
- PowerShares FTSE RAFI Asia Pacific ex-Japan Small-Mid Portfolio (PDQ)
- PowerShares FTSE RAFI Basic Materials Sector Portfolio (PRFM)
- PowerShares FTSE RAFI Consumer Goods Sector Portfolio (PRFG)
- PowerShares FTSE RAFI Consumer Services Sector Portfolio (PRFS)
- PowerShares FTSE RAFI Energy Sector Portfolio (PRFE)
- PowerShares FTSE RAFI Europe Small-Mid Portfolio (PWD)
- PowerShares FTSE RAFI Financials Sector Portfolio (PRFF)
- PowerShares FTSE RAFI Health Care Sector Portfolio (PRFH)
- PowerShares FTSE RAFI Industrials Sector Portfolio (PRFN)
- PowerShares FTSE RAFI International Real Estate Portfolio (PRY)
- PowerShares FTSE RAFI Telecommunications & Technology Sector Portfolio (PRFQ)
- PowerShares FTSE RAFI Utilities Sector Portfolio (PRFU)
- PowerShares High Growth Rate Dividend Achievers Portfolio (PHJ)
- PowerShares International Listed Private Equity Portfolio (PFP)
|
RSS
