Sixteen new products were introduced in May and five were closed. Both the launch and closure counts should have been higher by ten, but Invesco PowerShares decided to perform an extreme-makeover on ten of its ETFs. Additionally, new entrant AccuShares fails to learn...
Extreme makeovers historically have been rare in the ETF world, averaging less than one per year. In stark contrast, the past few weeks produced three such events, blowing the doors off of historical trends. It isn’t unusual for an ETF to change its underlying index...
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