"The problem which PowerShares faces is that between them, Barclays and State Street basically cover all the tools that most investors need to build a diversified portfolio..., so PowerShares has to focus on slightly quirky ETFs," Mr. Jackson said.
He added that "they're doing as good a job as anyone could under very difficult circumstances."
The article goes on to address a significant concern with PowerShares' funds -- higher than average expense ratios:
Most PowerShares ETFs have a 0.6% fee. According to data provided by ETFGuide's DeLegge, as of the fourth quarter, the average expense ratio for broad-market ETFs was 0.26%, 0.46% for industry and sector ETFs, 0.52% for global and international ETFs, 0.61% for emerging-market ETFs, and 0.47% for specialty index ETFs.
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