PowerShares To Reshuffle ETF Indexes

Invesco PowerShares, the Wheaton, Illinois based firm known for its “intelligent” ETF products, is planning to change the indexes underlying three of the company’s Target Allocation ETFs according to a recent SEC filing. PowerShares is also looking to make a change to its high yield bond ETF. The changes to the product lineup include: The Ibbotson Alternative Completion Portfolio will replace the Automatic Growth NFA Global Asset Portfolio (PTO). The fund may contain any combination of assets and the index is constructed by Ibbotson, a Morningstar Company. The PowerShares Riverfront Tactical Balanced Growth Portfolio will replace the Autonomic Balanced Growth NFA Global Asset Portfolio (PAO). The fund will hold roughly 20 percent of its assets in fixed-income funds with the remaining in equity funds. The PowerShares Riverfront Tactical Growth & Income Portfolio will replace the Automatic Balanced NFA Global Asset Portfolio (PCA). This fund will hold half of its assets [...] Click here to read the original article on ETFdb.com. Related Stories: PowerShares Launches Closed End Fund ETF (PCEF) PowerShares Launches International Corporate Bond ETF (PICB) PowerShares ETFs Nearly Perfect On Capital Gains