PowerShares aims to expand presence in BAB market with ETF

06/7/2010 | IndexUniverse.com

Investor enthusiasm for Build America Bonds is prompting PowerShares to expand its presence in the market. The fund manager filed with the U.S. Securities and Exchange Commission to offer the PowerShares Intermediate Build America Bond Portfolio, an exchange-traded fund that would be listed on NYSE Arca. The ETF would be linked to the BofA Merrill Lynch 1-12 Year Build America Bond Index.

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