|2 New ETFs Focus On Bank Loans And Developed Markets Overseas|
|Thursday, February 03, 2011 08:17|
The cascade of new ETFs continues with two new funds announced by industry stalwarts Invesco PowerShares and iShares.
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Invesco has filed plans for the PowerShares Senior Loan Portfolio, which will function as a 100-loan subset of the much larger S&P/LSTA Leveraged Loan Index, according to ETF Trends.
iShares has filed plans for the iShares S&P International Preferred Stock Index Fund, which will track the S&P index of the same name. The index tracks non-U.S. preferred stocks with a heavy emphasis on financials.