Invesco PowerShares, a leading provider of exchange-traded funds or ETFs, has recently been recognized for launching the “Most Innovative ETF Product” in 2008 and for its ongoing “Contribution to the ETF Sector” at two ETF industry conferences.
Invesco PowerShares introduced the industry’s first actively managed equity ETFs in April 2008, listing the PowerShares Active Mega Cap Fund (PMA), PowerShares Active AlphaQ Fund (PQY), and PowerShares Active Multi-Cap Fund (PQZ). As part of the same listing, Invesco PowerShares also launched the PowerShares Active Low Duration Fund (PLK), and in November 2008, the company listed the first actively managed U.S. Real Estate ETF — PowerShares Active U.S. Real Estate Fund (PSR).
Separately, Edward McRedmond, senior vice president of portfolio strategies at Invesco PowerShares, won an award for his “Contribution to the ETF Sector” at the 8th Annual Closed-End Fund & ETF Awards Capital Link Forum. This marks the second consecutive year he has received the award and the fifth consecutive year for Invesco PowerShares.
Invesco PowerShares says it had franchise assets of $25.8 billion as of March 31, 2009.
Robert Brooks, senior vice president and director of sales, spent some time recently sharing his views on the ETF industry with Research
Can you tell us, as of Q109, what the distribution of PowerShares ETFs is via the different channels?
The distribution of PowerShares ETFs across the advice channels is approximately 40 percent in the wirehouses, 10 percent with independent advisors, 40 percent via RIAs, and the remaining 10% in banks.