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FTSE, the leading global index provider is proud to announce that The PowerShares FTSE RAFI 1000 Portfolio (NYSE: PRF) received the award for “Most Innovative Exchange Traded Fund” in the Americas category at the 3rd Annual Global ETF Awards® hosted last evening by exchangetradedfunds.com at the Hilton New York. This is the second consecutive win in this category for the PowerShares FTSE RAFI 1000 portfolio at the Annual Global ETF Awards®, which reflect outstanding achievement over the past year by exchange traded fund industry participants worldwide.
A majority vote by 315 organizations representing the global ETF industry chose the PowerShares FTSE RAFI 1000 Portfolio as the most innovative ETF. Said FTSE Americas President Jerry Moskowitz of the honor, “In the past year, the number of exchange traded funds linked to our indexes globally has more than doubled. As the ETF market grows, we are proud to be recognized by industry insiders as an innovator in this space.”
The PowerShares FTSE RAFI US 1000 Portfolio is based on the fundamentally weighted FTSE RAFI US 1000 Index, which tracks the performance of the 1000 largest US companies based on fundamental-weighting criteria that includes book value, cash flow, dividends and sales.
Prior to the awards dinner, exchangetradedfunds.com hosted a half-day workshop for an invited group of ETF industry participants and investors. FTSE Americas Vice President Michele McGruther was among the distinguished panel of industry experts gathered at the workshop to discuss the impact of indexing evolutions on ETF developments.
