Invesco PowerShares, an ETF provider known for its alternative or smart beta offerings, rolled out a handful of cheap, traditional beta indexed options under a newly minted PureBeta appellation. On Friday, PowerShares launched the five new ETFs, including: PowerShares PureBetaSM MSCI USA Portfolio (BATS: PBUS), which has a 0.04% expense ratio PowerShares PureBetaSM MSCI USA [...]
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