Bringing you live news and features since 2006 

Investments

Nasdaq OMX to list PowerShares LadderRite 0-5 Year Corporate Bond Portfolio

RELATED TOPICS​

Invesco PowerShares is to launch a new exchange-traded fund (ETF), the PowerShares LadderRite 0-5 Year Corporate Bond Portfolio (LDRI), which will be listed on The Nasdaq Stock Market.

LDRI will begin trading on Nasdaq on 10 September 2014.
 
“We are excited to partner with the Nasdaq OMX to expand our smart beta fixed income family with an equal weighted annual maturity ladder strategy,” says Lorraine Wang, Invesco PowerShares global head of ETF products and research. “Investors looking to preserve capital and generate income in an uncertain interest rate environment may want to consider LDRI as a possible solution given its short-term nature and laddering approach.”
 
LDRI seeks to track the Nasdaq LadderRite 0-5 Year USD Corporate Bond Index, which is comprised of investment-grade corporate bonds with maturities of five years or less. The LadderRite index uses a rules-based index methodology that has the potential to reduce turnover and transaction costs and provide a more efficient means of managing interest rate volatility while maintaining a consistent maturity profile.
 
“We are thrilled to list another innovative PowerShares exchange-traded product on Nasdaq,” says Walt Smith, vice president, head of US equities and group revenue management at Nasdaq OMX. “We value our partnership with Invesco PowerShares and will continue to offer our support as they expand their robust product offering and grow their footprint into new markets across the globe.”

Latest News

Digital asset manager CoinShares International Limited has announced the launch of its hedge fund division, CoinShares Hedge Fund Solutions...
Despite a small contraction in assets caused by a complex market and macroeconomic scenario in Europe and at the global..
State Street Global Advisors, the asset management business of State Street Corporation, has published the results of its Gold ETF..
HANetf has announced that Sprott Uranium Miners UCITS ETF (URNM) has reached USD108.18 million AUM for the first time since..

Related Articles

Kristof Gleich, Harbor Capital
Harbor Capital burst onto the ETF issuance world in 2021 and now has USD1.1 billion in assets in ETFs. But...
Europe’s thematic ETF provider, Rize ETF, has been acquired by ARK Invest LLC, the parent of ARK Investment Management LLC,...
Jeff Ringdahl, Resolute Investment Management
End of August saw the launch of alternatives firm Man Group’s first ETF, using its AHL systematic trading system to...
Arne Noack, DWS
July saw the launch of DWS Group’s Xtrackers US Green Infrastructure Select Equity ETF (NASDAQ: UPGR) designed to offer both...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by