Invesco PowerShares Announces Changes To ETF Family Grace Chengupdated Aug 21, 2014TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.In an effort to position its business for future growth opportunities and to align its family of ETFs with the changing investment landscape, Invesco PowerShares announced today (Friday) that it plans to close 19 of its ETFs. The affected funds represent less than 1% of Invesco PowerShares' total assets."After carefully evaluating numerous factors including shareholder considerations, length of time on the market, asset levels and the potential for future growth, we proposed closing certain portfolios that have not gained sufficient acceptance with investors," said Bruce Bond, president and CEO of Invesco PowerShares. "We remain fully committed to the ETF industry and expect to offer new, exciting products in the months ahead."At a May 1, 2009 meeting, the PowerShares Funds Board of Trustees approved the closings. May 18, 2009 will be the final day of trading on The NASDAQ Stock Market LLC ("NASDAQ") and NYSE Arca, Inc. ("NYSE Arca") for the affected ETFs (collectively, the "Funds") listed below: Name Ticker SymbolPowerShares Dynamic Aggressive Growth PortfolioPGZPowerShares Dynamic Asia Pacific PortfolioPUAPowerShares Dynamic Deep Value PortfolioPVMPowerShares Dynamic Europe PortfolioPEHPowerShares Dynamic Hardware & Consumer Electronics PortfolioPHWPowerShares FTSE RAFI Asia Pacific ex-Japan Small-Mid PortfolioPDQPowerShares FTSE RAFI Basic Materials Sector PortfolioPRFMPowerShares FTSE RAFI Consumer Goods Sector PortfolioPRFGPowerShares FTSE RAFI Consumer Services Sector PortfolioPRFSPowerShares FTSE RAFI Energy Sector PortfolioPRFEPowerShares FTSE RAFI Europe Small-Mid PortfolioPWDPowerShares FTSE RAFI Financials Sector PortfolioPRFFPowerShares FTSE RAFI Health Care Sector PortfolioPRFHPowerShares FTSE RAFI Industrials Sector PortfolioPRFNPowerShares FTSE RAFI International Real Estate PortfolioPRYPowerShares FTSE RAFI Telecommunications & Technology Sector PortfolioPRFQPowerShares FTSE RAFI Utilities Sector PortfolioPRFUPowerShares High Growth Rate Dividend Achievers PortfolioPHJPowerShares International Listed Private Equity PortfolioPFPIn early May 2009, the Funds will begin the process of closing down and liquidating their respective portfolios. This process will cause each Fund's holdings to deviate from the securities included in its underlying index and each Fund to increase its cash holdings, which may lead to increased tracking error. Effective May 19, 2009, the Funds will be closed to new investors.Shareholders may sell their holdings prior to May 19, 2009, and may incur typical transaction fees from their broker-dealer. Shareholders of record on the close of business on May 18, 2009 will receive cash equal to the amount of the net asset value of their shares as of May 22, 2009, which will include any capital gains and dividends, in the cash portion of their brokerage accounts. Shareholders will generally recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares.For additional information, shareholders of the ETFs which are scheduled for liquidation may call Invesco PowerShares at 800-983-0903.Invesco PowerShares is a wholly owned subsidiary of Invesco Ltd., a leading independent global investment management firm dedicated to helping people worldwide build their financial security. Invesco provides a comprehensive array of enduring investment solutions for retail, institutional and high-net-worth clients around the world. Operating in 20 countries, the firm is listed on the New York Stock Exchange under the symbol "IVZ." Additional information is available at www.invesco.com.There are risks involved with investing in ETFs, including possible loss of money. Shares of the affected Funds are not actively managed. Ordinary brokerage commissions apply.Invesco PowerShares does not offer tax advice. Please consult a tax advisor for advice regarding your specific situation.Shares are not FDIC insured, may lose value and have no bank guarantee.Grace Cheng is co-founder and editor in chief at GET.com, a lifestyle and personal finance website. Email: email@example.com.Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.