Invesco PowerShares is using Interactive Data’s Fair Value Information Service and Basket Calculation Service as inputs to the valuation processes for its exchange-traded funds (ETFs). The Basket Calculation Service provides the IOPVs for Invesco PowerShares’ new municipal bond ETFs. It uses Interactive Data’s real-time fixed-income valuations, real-time equity pricing and interest rate data to calculate updated IOPVs every 15 seconds.
The Basket Calculation Service can help ETF sponsors access the information required to launch funds that contain a broader range of fixed-income securities, facilitating further growth and diversification in the ETF market.
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