November 12th, 2009 - Recently, PowerShares filed for an auto-conversion closed-end fund, or “ACCE” fund, which is essentially a closed-end fund (CEF) that automatically converts into an exchange-traded fund (ETF) if certain discount-to-net asset value criteria are met.
PowerShares filed for three additional timely-themed ACCE funds earlier this fall:
PowerShares Bank Loan Opportunity ACCE Fund
PowerShares Preferred ACCE ...
Author: Tom Lydon
Author: Tom Lydon
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