Invesco PowerShares, a provider of exchange-traded funds, is making index and name changes for five existing portfolios, effective 30 June 2010.
The PowerShares Autonomic Growth NFA Global Asset will be re-named the PowerShares Ibbotson Alternative Completion Portfolio. Its index will change from the New Frontier Global Dynamic Growth Index to the Ibbotson Alternative Completion Index.
The PowerShares Autonomic Balanced Growth NFA Global Asset will be called the PowerShares RiverFront Tactical Balanced Growth Portfolio. Its index will change from the New Frontier Global Dynamic Balanced Growth Index to the RiverFront Global Tactical Balanced Growth Index.
The PowerShares Autonomic Balanced NFA Global Asset will be re-named the PowerShares RiverFront Tactical Growth & Income Portfolio. Its new index will be the RiverFront Global Tactical Balanced Growth & Income Index as opposed to the former New Frontier Global Dynamic Balanced Index.
The PowerShares Value Line Timeliness Select will become the PowerShares S&P 500 High Quality Portfolio. The index will change from the Value Line Timeliness Select Index to the S&P 500 High Quality Rankings Index.
Finally, the PowerShares Value Line Industry Rotation will be called the PowerShares Morningstar StockInvestor Core Portfolio. It will track the Morningstar StockInvestor Core Index.
"As an innovative leader in the ETF industry, we are continually looking for ways to improve our product lineup," says Ben Fulton, Invesco PowerShares managing director of global ETFs. "We believe the new indexes will better align the portfolios with the changing investment landscape, provide investors with the potential for improved risk-adjusted returns, and position our family of ETFs for continued growth."