PowerShares is planning to amend some of its exchange-traded funds (ETFs), ETF Trends reports. The firm will rename seven funds, which span across small, mid and large cap core, growth and value strategies. It will change their underlying index to the fundamentally weighted RAFI indexes in place of the current the IntelliDex indexes. PowerShares will also cut some of the ETFs fees.
Click here for the story from ETF Trends.