Asset management firm PowerShares Capital announced Wednesday it has surpassed the $5 billion marker in assets under management.
The Chicago-based firm, that specializes in Intelligent Exchange Traded Funds, consists of 37 different funds.
“Advisors are continuing to embrace PowerShares and to incorporate them into client portfolios,” said Bruce Bond, CEO of PowerShares Capital Management. “We are very encouraged with these early trends and remain committed to providing the most compelling ETF investments possible to investment professionals.”