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Monday, October 11, 11:34 AM ET, by

PowerShares announced that it intends to shut down several ETFs as of December 14, 2010. ...

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PowerShares To Discontinue Several ETFs

PowerShares announced that it intends to shut down several ETFs as of December 14, 2010. The affected ETFs include:

Dynamic Healthcare Services Portfolio (PTJ) Dynamic Telecommunications & Wireless Portfolio (PTE) FTSE NASDAQ Small Cap Portfolio (PQSC) FTSE RAFI Europe Portfolio (PEF) FTSE RAFI Japan Portfolio (PJO) Global Biotech Portfolio (PBTQ) Global Progressive Transportation Portfolio (PTRP) NASDAQ-100 BuyWrite Portfolio (PQBW) NXQ Portfolio (PNXQ) Zacks Small Cap Portfolio (PZJ)

Ben Fulton, Invesco PowerShares managing director of global ETFs, stated in a press release, ““We regularly review portfolios carefully evaluating numerous factors such as investment results, length of time in the market, investor interest, and the potential for future growth. Based on this assessment, we believe that it’s in the best interest of our investors that we refocus our resources on areas that we believe are of greater client interest.”

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