Four More PowerShares ETF’s Set For Launch (PEF, PJO, PAF, PXF)

By Douglas A. McIntyre Published Jun 21, 11:16AM EDT

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Stock Tickers: PEF, PJO, PAF, PXF

INVESCO’s PowerShares are launching four new ETF’s on June 25, 2007. These are geared toward US investors to increase more easily targeted investing in overseas markets without having to leave the U.S.

(PEF) PowerShares FTSE RAFI Europe Portfolio: The PowerShares FTSE RAFI Europe Portfolio (PEF) is based on the FTSE RAFI Europe Index(TM). The index is designed to track the performance of the largest European equities.

(PJO) PowerShares FTSE RAFI Japan Portfolio: The PowerShares FTSE RAFI Japan Portfolio (PJO) is based on the FTSE RAFI Japan Index(TM). The index is designed to track the performance of the largest Japanese equities.

(PAF) PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio: he PowerShares FTSE RAFI Asia Pacific Ex-Japan Portfolio (PAF) is based on the FTSE RAFI Asia Pacific ex-Japan Index(TM). The index is designed to track the performance of the largest equities of companies domiciled in the Asia Pacific region (excluding Japan).

(PXF) PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio: The PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (PXF) is based on the FTSE RAFI Developed Markets ex-U.S. Index(TM). The index is designed to track the performance of the largest developed market equities (excluding the U.S.).

The only issue with many ETF’s is that, while they are a hot buzzword, the supply of new ETF’s on lesser known index and baskets in the US and outside the US have failed to drastically catch on. There are some 600 or 700 various exchange traded instruments between ETF’s, ETN’s, closed-end funds, and the like. There is a huge benefit to these instruments and we applaude them. We just want to see fewer duplicate ETF’s thatare too closely tied or too overlapped.

Jon C. Ogg
June 21, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in any of the companies he covers.

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.