PowerShares Kicks the K-1 With New Commodity ETF

Invesco’s (NYSE: IVZ) PowerShares unit, the fourth-largest U.S. issuer of exchange traded funds, introduced the PowerShares DB Optimum Yield Diversified Commodity Strategy Portfolio (NasdaqGM: PDBC) Friday, a new actively managed ETF that helps investors avoid pesky K-1 tax forms. The PowerShares...