PowerShares Files For Six New “PureBeta” ETFs

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June 20, 2017 11:19am ETF BASIC NEWS

Well-known ETF issuer Powershares is stepping outside of its comfort zone with its latest ETF filings, which include six new “PureBeta” branded products that cover various core asset classes.

According to the filing, PowerShares will bring the following funds to market soon:

  • PowerShares PureBeta MSCI USA Portfolio, tracking the MSCI USA Index,
  • PowerShares PureBeta MSCI USA Small Cap Portfolio, tracking the MSCI USA Small Cap Index,
  • PowerShares PureBeta FTSE Developed ex-North America Portfolio, tracking the FTSE Developed ex North America Index,
  • PowerShares PureBeta FTSE Emerging Markets Portfolio, tracking the FTSE Emerging Index,
  • PowerShares PureBeta US Aggregate Bond Portfolio, tracking the BofA Merrill Lynch US Broad Market Index, and
  • PowerShares PureBeta 0-5 Yr US TIPS Portfolio, tracking the BofA Merrill Lynch 0-5 Year US Inflation-Linked Treasury Index.

PowerShares is currently the #4 ETF issuer in the world in terms of assets under management, and these moves are likely aimed at gaining additional market share outside of its traditional smart-beta product roots.

While no tickers for these new funds nor expense ratios are available yet, the filing did show that they’ll trade on the BATS exchange.

We’ll be sure to bring investors more information on these products as it becomes available. For now, you can consult the¬†PowerShares¬†website.

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