Daily ETF Watch: PowerShares Closing 4 Funds

December 23, 2015

With 2015 drawing to a close, Invesco PowerShares has announced an array of changes that affect eight different funds.

The following funds are slated to see their last day of trading on March 18, 2016:

  • PowerShares KBW Capital Markets ETF (KBWC)
  • PowerShares KBW Insurance ETF (KBWI)
  • PowerShares China A-Share ETF (CHNA)
  • PowerShares Fundamental Emerging Markets Local Debt (PFEM)

All four funds have less than $15 million in assets under management.

Another four funds are expected to see important changes as of the market close on March 21:

SPHQ is by far the largest of the funds mentioned, with $580 million in assets under management. The other high-beta and high-quality ETFs each have less than $20 million in assets under management.

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