Invesco PowerShares Capital Management today announced that its PowerShares Fundamental suite of exchange-traded funds recently passed the $5 billion in assets under management mark.

Andrew Schlossberg, head of global ETFs at Invesco, offered that: "Investors are readily adopting fundamental strategies along with low volatility, high beta, and momentum-based ETFs as potential effective smart beta portfoliosolutions."

Invesco PowerShares currently has 28 equity and four fixed-income ETFs based on the RAFI Fundamental Index methodology, which uses four fundamental measures of company size: book value, cash flow, sales and dividends, to select and weight index constituents.

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