As of March 10, 2016, PowerShares Global Funds Ireland plc - PowerShares FTSE RAFI Developed 1000 UCITS ETF has gone out of business. PowerShares Global Funds Ireland plc - PowerShares FTSE RAFI Developed 1000 UCITS ETF is an exchange traded fund launched by Invesco Global Asset Management Limited. The fund is managed by Invesco PowerShares Capital Management LLC. It invests in the public equity markets of developed countries across the globe. The fund seeks to invest in the stocks of companies operating across diversified sectors. It invests in the stocks of large-cap and mid-cap companies. The fund seeks to replicate the performance of the FTSE RAFI Developed 1000 Net Index Total Return EUR, by investing in the stocks of companies as per their weightings in the index. It was formerly known as PowerShares Global Funds Ireland plc - PowerShares FTSE RAFI Developed 1000 Fund. PowerShares Global Funds Ireland plc - PowerShares FTSE RAFI Developed 1000 UCITS ETF was formed on December 3, 2007 and is domiciled in Ireland.