Invesco’s PowerShares subsidiary has filed to offer an exchange-traded fund that will primarily invest in the Build America Bonds being issued as part of the stimulus plan.

Eaton Vance has also filed to offer a mutual fund tied to the bonds being offered as part  of the American Recovery and Reinvestment Act of 2009. Since Invesco’s offering is an ETF, it will track the Merrill Lynch Build America Bond Index.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.