PowerShares declares cap gains distributions on 7 ETFs

|By:, SA News Editor

Invesco's (IVZ) PowerShares Capital Management expects to deliver zero long-term capital gains distributions across 108 of 115 equity and fixed-income ETFs for 2013.

The seven ETFs expected to make distributions represent less than 1% of total franchise assets. "We are proud of our product line’s tax efficient track record," says Dan Draper, managing director of global ETFs.

The seven: KBW Property & Casualty Insurance Portfolio (KBWP), S&P 500 BuyWrite Portfolio (PBP), Fundamental Investment Grade Corporate Bond Portfolio (PFIG), S&P SmallCap Financials Portfolio (PSCF), Fundamental Pure Large Growth Portfolio (PXLG), Fundamental Pure Large Value Portfolio (PXLV), S&P 500 High Dividend Portfolio (SPHD).

The ex-date is expected to be December 24, the record date Dec. 27, and the payable date Dec. 31.