Invesco PowerShares lists first PIR multi-asset ETF in Italy
ETF provider Invesco PowerShares has listed its first multi-asset ETF PIR-compliant on the Italian Stock Exchange (Borsa Italiana).
The investment vehicle, the PowerShares Italian PIR Multi-asset portfolio Ucits ETF, invests in a wide range of asset classes enabling investors for greater diversification.
PowerShares Italian PIR Multi-asset portfolio Ucits ETF is an exchange-traded fund incorporated in Ireland, whose reference basket consists of FTSE Italia All- Share, FTSE Italia Small Cap, FTSE Italia STAR, NASDAQ Global BuyBack Achievers, FTSE Italian Corporate Bond Select, Citi Time-Weighted US Fallen Angel Bond Select and Euro Cash.
The ETF provider listed three ETFs on the Italian Stock Exchange at the beginning of January, aimed at addressing the European investors’ demand for low-cost bond instruments.
More on Equities
