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Friday, November 20, 2009
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Powershares to offer laddered-treasury ETFs
PowerShares Capital Management LLC of Wheaton, Ill., will expand its family of fixed-income exchange traded funds on Oct. 11, when it lists a 1-30-year-laddered treasury portfolio, as well as insured New York and California municipal bond portfolios, on the American Stock Exchange.
The anticipated ETFs are the PowerShares 1-30 Laddered Treasury Portfolio, PowerShares Insured California Municipal Bond Portfolio and PowerShares Insured New York Municipal Bond Portfolio. Previously announced PowerShares fixed-income ETFs will also list on Oct. 11 include the PowerShares Insured National Municipal Bond Portfolio and PowerShares Emerging Markets Sovereign Debt Portfolio. “I am pleased to announce these new portfolios, which provide investors new ways to access fixed-income securities, coupled with the benefits inherent to the ETF structure,” Bruce Bond, president and chief executive of PowerShares said in a statement. “The PowerShares 1-30 Laddered Treasury Portfolio will allow investors to implement a sophisticated bond-laddering strategy in the convenient form of a single ETF trade, and our New York and California insured portfolios will enable investors to leverage two of the most active municipal bond markets in the nation.”
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