|Day's Range||29.80 - 29.90|
|52 Week Range||28.75 - 32.33|
|PE Ratio (TTM)||23.75|
|Expense Ratio (net)||0.27%|
DOWNERS GROVE, Ill., March 10, 2017 /PRNewswire/ -- Invesco (IVZ), a leading global provider of exchange-traded funds (ETFs), today announced a change to its product lineup. As part of the firm's commitment to aligning its fund offerings to meet an evolving investment landscape, PowerShares announced it will change the name, underlying index, investment objective and strategy, for one ETF.
This article is part of a regular series of thought leadership pieces from some of the more influential ETF strategists in the money management industry. Today's article is by Mike Venuto, co-founder and chief investment officer of New York-based Toroso Investments. November 2016 was a confusing month for most investors. The U.S. equity markets experienced a high-beta rally, which culminated in returns for the S&P 500 of more than 3.5%.
Municipal bond yields may be low, but the total returns for most municipal bond ETFs have been very strong—higher than some equity returns, in fact.