Invesco PowerShares plans to launch its second exchange-traded fund devoted to Build America Bonds, highlighting both the proliferation of municipal ETFs and the growing importance of taxable state and local government debt.

Invesco earlier this month filed a prospectus with the Securities and Exchange Commission to launch the PowerShares Intermediate Build America Bond Portfolio, which is designed to track the BofA Merrill Lynch 1-12 Year Build America Bond Index.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access