Invesco PowerShares Capital Management has filed registration statements for two new actively managed ETFs focused on the non-agency, prime and Alt-A RMBS markets.
The expected names for the funds are: PowerShares Prime Non-Agency RMBS Opportunity Fund and PowerShares Alt-A Non-Agency RMBS Opportunity Fund
We believe that various economic factors have converged to push the prices of many Prime and Alt-A residential mortgage-backed securities well below their fundamental values, said Bruce Bond, president and CEO of Invesco PowerShares. We are hopeful that these ETFs will provide access and transparency into these markets along with some of the much needed additional liquidity originally intended by the TARP.
