Invesco PowerShares launched the PowerShares U.S. Real Estate Fund (PSR) today on NYSE Arca.
The actively managed ETF will seek to outperform its benchmark, the FTSE NAREIT Equity REITS Index.
The fund’s manager, Joe V. Rodriguez, Jr., will use 25 years of industry experience along with quantitative and statistical metrics to identify attractively priced securities and manage risk.
Investors can gain exposure to the passively managed index through the FTSE NAREIT Real Estate 50 Index Fund (FTY).
See the Invesco PowerShares ETF directory for a complete listing.