PowerShares Capital Management Exceeds $3 Billion In AUM

PowerShares Capital Management, LLC, announced that it has exceeded $3 billion in assets under management. "We are delighted to achieve this important milestone as an asset manager," said Bruce Bond, CEO of PowerShares Capital Management. "Most encouraging is that advisors

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PowerShares Capital Management, LLC, announced that it has exceeded $3 billion in assets under management.

“We are delighted to achieve this important milestone as an asset manager,” said Bruce Bond, CEO of PowerShares Capital Management. “Most encouraging is that advisors are beginning to embrace PowerShares and to incorporate them in client portfolios. We believe that PowerShares will play a leading role in what could be the mass adoption of intelligent ETFs by investors seeking an alternative to actively managed mutual funds over the next several years.”

PowerShares’ ETFs incorporate stock selection at the index level. PowerShares has distinguished itself from its competitors by providing ETFs based on intelligent indexes which are designed as investments. They provide precise exposures by selecting stocks with the greatest investment merit according to an investment methodology.

PowerShares currently offers 36 ETF portfolios, including the PowerShares FTSE RAFI US 1000 Portfolio being launched today at the New York Stock Exchange. PowerShares Capital Management, LLC is headquartered in Wheaton, IL and is the advisor and sponsor of PowerShares XTFs, a family of ETFs.

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