PowerShares issues 2 ETFs

Borsa Italiana welcomes the first 2 ETFs listed on the Open-end Index Funds - class 2 segment of ETFplus market issued by PowerShares Global Funds Ireland plc. With this issue PowerShares gets into the ETF Italian Market.

The investment target of PowerShares FTSE RAFI US 1000 Fund and  PowerShares FTSE RAFI Europe Fund to mirror respectively the performance of FTSE Rafi US 1000 and  FTSE Rafi Europe indices.

FTSE Rafi (Research Affiliates Fundamental Index) are indices composed by stocks from the relevant geographic area, which are selected by using four fundamental factors: sales, cash flow, book value, dividends.  The weighting factor used in the index calculation is derived by dividing the RAFI fundamental value of each company (calculated using  the above mentioned factors) by its free-float adjusted market capitalisation.
The total expense ratio of the ETFs in equal to 0,75%.

Please download the relevant public notice:
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