PowerShares Active Low Duration ETF

PLK is defunct since February 26, 2013. Lack of investor interest
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PLK Description
The PowerShares Active Low Duration Fund (Fund) invests, under normal market conditions, at least 80% of its assets in a portfolio of U.S. government, corporate and agency debt securities. The Fund is limited to 25% of its total assets in non-investment grade securities. Under normal market conditions, the Fund's effective duration, as estimated by the Fund's portfolio managers, will be in the range of zero to three years. The Fund may invest in instruments of any maturity. The Fund will likely average a weighted average effective maturity of less than three years. In implementing its investment strategy, the Fund currently intends to invest in U.S. Treasury futures and may do so with respect to the entire portfolio.
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Country: United States
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