Invesco PowerShares unveils active equity exchange-traded funds

Invesco PowerShares has issued the first three actively managed equity exchange-traded funds (ETFs), as well as an actively managed fixed-income ETF on the NYSE Arca.

The Active Low Duration Fund invests in a portfolio of US government, corporate and agency debt securities, selected by Invesco World-Wide Fixed Income. The fund uses an actively managed strategy to outperform its benchmark, the Lehman Brothers 1-3 Year US Treasury index.

The Active Mega Cap Fund invests in the equity securities of

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