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New Property Fund Meets Distressed Market
Invesco PowerShares plans to launch the first actively managed U.S. real estate ETF this week.
The PowerShares Active U.S. Real Estate Fund, which will begin trading on the New York Stock Exchange under the ticker PSR, will invest in real estate securities included in the FTSE NAREIT Equity REITs Index.
The Equity REITs Index has fallen 41.2% this year, more than the S&P 500's 37.6% decline. PowerShares views this drop as an opportune entry point, but the firm will need to persuade investors that this is the bottom. ...
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