PowerShares Dynamic MagniQuant Portfolio ETFNYSEARCA
PIQ is defunct since February 19, 2014. Closed due to lack of investor interest
  • Feb. 19, 2014, 12:51 PM
    • Invesco (IVZ) PowerShares announced that it will be shutting down 4 ETFs that had failed to gain traction in order to make way for new funds.
    • The PowerShares KBW International Financial Portfolio (KBWX), MENA Frontier Countries Portfolio (PMNA), Dynamic MagniQuant Portfolio (PIQ) and Lux Nanotech Portfolio (PXN) will all close at the end of trading today.
    • In totally these ETFs each had at least 3 years of trading, with PXN launching in 2005, but together had only $67 million in total assets.
    • Related ETFs:  PDP, QUAL, PWO, SIZE, IPF, IXG, AXFN, GAF
    | Feb. 19, 2014, 12:51 PM
  • Dec. 19, 2013, 11:00 AM
    • The Invesco (IVZ) PowerShares Board of Trustees recently announced plans to make major changes to 10 funds, while shuttering 4 funds in early 2014.
    • ETFs approved to undergo name, investment objective, underlying index, and investment policy and strategy changes in February 19th: PWO, PYZ, PEZ, PSL, PXI, PFI, PTH, PRN, PTF, PUI
    • ETFs which will be shut down February 18th: KBWX, PMNA, PIQ, PXN
    | Dec. 19, 2013, 11:00 AM
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