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PowerShares ‘smart beta’ ETFs surpass USD5bn in AUM


The PowerShares suite of fundamental index exchange-traded funds recently surpassed USD5bn in assets under management globally.

"Since launching in 2009, PowerShares Canada has been focused on providing investors with a diverse family of ‘smart beta’ strategies," says Michael Cooke, head of distribution, PowerShares Canada. "Investors looking for higher risk-adjusted returns than those of a cap-weighted benchmark are readily adopting ETFs that employ smart beta strategies, such as fundamental, low-volatility and high-beta indexing."
PowerShares Canada’s Fundamental Index ETFs and mutual funds are based on the Research Affiliates Fundamental Index strategy. This index methodology selects and weights constituents using four fundamental measures of company size: book value, cash flow, sales and dividends. By using four fundamental factors rather than one, this methodology is a more robust means of capturing a company’s true economic footprint.
"PowerShares Canada’s fundamentals-weighted funds and ETFs seek to provide investors with higher risk-adjusted returns compared to cap-weighted benchmarks," says Cooke. "We believe these funds and ETFs provide investors with an important alternative to passive cap-weighted strategies and also represents great value compared to many actively managed portfolios in the marketplace when relative performance and fees are considered."
PowerShares Canada currently offers four equity mutual funds, two equity ETFs and one fixed-income ETF based on the RAFI Fundamental Index methodology.
"We are proud to partner with PowerShares Canada on their suite of funds and ETFs," says Michael Larsen, global head of affiliate relations at Research Affiliates. "In an era of lower expected returns, it is important to provide investors better tools for their toolkit."

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