Today is the day Invesco’s(NYSE: IVZ) PowerShares unit, the fourth-largest U.S. issuer of exchange traded funds, implements significant changes to its ETF portfolio. The changes were originally announced in December.
Nine PowerShares dynamic sector funds will transition to momentum indices from Dorsey Wright & Associates and change their names to reflect those index changes. The Powershares Dynamic OTC Portfolio (NYSEArca: PWO) will become the PowerShares DWA Nasdaq Momentum Portfolio (NasdaqGS: DWAQ). The other names and index changes are reflected below. http://www.etftrends.com/2013/12/powershares-unveils-etf-portfolio-changes/
