PowerShares Senior Loan Portfolio wins William F Sharpe Award
Invesco PowerShares Capital Management’s PowerShares Senior Loan Portfolio (BKLN) has won the William F Sharpe Award for ETF Product of the Year.
Listed on 3 March 2011, BKLN represents the first and largest floating-rate senior loan ETF available to US investors having recently surpassed USD6.2 billion in assets under management.
In addition, the PowerShares S&P 500 Downside Hedged Portfolio (PHDG) was awarded ETF Innovation of the Year and recently surpassed USD100 million in assets under management. The fund's underlying index, the S&P 500 Dynamic VEQTOR Index, was also recognised with the award for Index Innovation of the Year.
"We take pride in being an ETF innovator and are truly honoured to be recognised by our industry peers with the 2013 William F Sharpe Award for ETF Product of the Year," says Dan Draper, Invesco PowerShares managing director of global ETFs. "These awards are a reflection of PowerShares strength in providing investors intelligent exposure to the liquid alternative space."
"PowerShares Senior Loan Portfolio (BKLN) was a groundbreaking listing for investors seeking to reduce duration in their bond holdings and has become a flagship ETF in this space," adds Gregory Stoeckle, president and managing director of the fund's sub-adviser, Invesco Senior Secured Management.
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