Hooray! MER Cuts on US Powershares RAFI ETFs

IndexUniverse posted details today of US-based Invesco Powershares cuts on several RAFI fundamental index ETFs. The cuts in MERs are quite significant - almost half. The reductions in MER vary from 0.30% to 0.36% e.g. for PowerShares FTSE RAFI Emerging Markets Portfolio (NYSEArca: PXH), which goes from 0.85% MER to 0.49%. This is excellent news since the difference will go straight to the bottom line and boost investor returns, mine included, as these ETFs are a core part of my holdings.