Avoid K-1 tax forms: PowerShares launches a new actively managed commodity ETF

The PowerShares DB Optimum Yield Diversified Commodity Strategy Portfolio (NASDAQ:PDBC) offers broad commodity futures contracts through a Cayman Islands-based unit, which allows its investors to avoid K-1 tax forms.
This is a key feature to the fund; K-1 forms can be a burden for investors as they potentially delay filings and may require investors to report and pay taxes on gains annually, even if the security has not been sold.
"PDBC provides broad and efficient exposure to commodities with the added benefit of eliminating Scheduled K-1 requirements," said Lorraine Wang, Invesco PowerShares Head of Global ETF Products & Research, in a press release.
This is the 4th actively managed ETF from Invesco (NYSE:IVZ), which now offers 165 funds for investors.
Other broad commodity ETFs: DBC, DJP, GSG, RJI, GCC, USCI, GSP, GSC, RGRC, DJCI, LSC, DEE, FTGC, UCI, CMD, DYY, BCM, DDP, UCD, CMDT, SBV, DPU, COMT, CSCB, CSCR

http://seekingalpha.com/news/2112405-powershares-launches-a-new-actively-managed-commodity-etf
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