The PowerShares FTSE RAFI Asia Pacific Ex-Japan UCITS ETF seeks to track the FTSE RAFI Developed Asia Pacific ex-Japan index. The FTSE RAFI Developed Asia Pacific ex-Japan index tracks the performance of the largest Asia Pacific companies (excluded Japanese companies) based on the FTSE RAFI Asia Pacific ex-Japan Developed Large-cap and Mid-cap indices. The index selection and weighting process is based on the following four fundamental measures of firm size: book value, income, sales and dividends.
The ETF's
TER (total expense ratio) amounts to
0.49% p.a.. The ETF replicates the performance of the underlying index by
full replication (buying all the index constituents). The dividends in the ETF are
distributed to the investors (Quarterly).
The PowerShares FTSE RAFI Asia Pacific Ex-Japan UCITS ETF is a very small ETF with
4m GBP assets under management. The ETF was
launched on 19 November 2007 and is
domiciled in Ireland.