Exchange traded funds, which have experienced explosive growth, are showing signs of zero population growth. Invesco PowerShares(IVZ Quote) plans to eliminate 19 ETFs this month.
"After carefully evaluating numerous factors including shareholder considerations, length of time on the market, asset levels and the potential for future growth, we proposed closing certain portfolios that have not gained sufficient acceptance with investors," said Bruce Bond, chief executive officer of Invesco PowerShares.
Investor interest in ETFs has been concentrated on the largest, and oldest, funds. The smallest half of the group has accounted for no more than 0.5% to 1% of the total daily average dollar volume of transactions. Groups of ETFs have been disappearing in recent months, many with relatively narrow areas of investment focus. ...
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