Thursday, August 28, 2008 Free Registration Log-in to View Profiles
Empire Relations Group is a Premier Investor Relations Organization representing publicly-traded companies in their communications programs with existing shareholders and potential investors.
investments
OTCBB
OTCBB
Pressroom 
 
 Archived
 
 Non-Public Companies
 Consumer
 Energy, Environment & Natural Resources
 Financials
 Healthcare/BioTech
 Industrials
 IT & Computers
 Materials
 Telecommunications
 Utilities
 
 Public Companies
 Consumer
 Energy, Environment & Natural Resources
 Financials
 Healthcare/BioTech
 Industrials
 IT & Computers
 Materials
 Telecommunications
 Utilities
Search


Public Companies : Financials


Invesco PowerShares Launches Industry's First Three Actively Managed Equity Exchange-Traded Funds

Apr 11, 2008 - 10:36:01 AM

News Source MARKET WIRE

Email this article
 Printer friendly page
CHICAGO, IL -- (MARKET WIRE) -- 04/11/08 -- Invesco PowerShares, a leading provider ofexchange-traded funds (ETFs), announced that the industry's first threeactively managed equity ETFs and PowerShares' first actively managedfixed-income ETF are scheduled to begin trading today on the NYSE Arca.

The ticker symbols and portfolio names are as follows:

--  PLK  -  PowerShares Active Low Duration Fund--  PMA  -  PowerShares Active Mega Cap Fund--  PQY  -  PowerShares Active AlphaQ Fund--  PQZ  -  PowerShares Active Alpha Multi-Cap Fund    

"PowerShares is honored to participate in ushering in the Actively ManagedETF revolution, the most significant industry event since its inception 15years ago," said Bruce Bond, president and CEO of Invesco PowerShares. "Webelieve the advent of actively-managed ETFs has the potential to change theway people invest in the future, thus altering the investing landscape aswe know it today. The introduction of Active ETFs further amplifiesPowerShares' ongoing commitment to providing investment advisers withinnovative financial excellence."

Invesco PowerShares is a part of Invesco, Ltd. a leading independent globalinvestment management company.

"The introduction of active equity ETFs represents a milestone for Invescoand for the investment management industry," said Invesco President and CEOMartin L. Flanagan. "It enables us to provide clients further access to ourcomprehensive, high-quality investment management capabilities through theconvenience of an ETF."

PowerShares Active Low Duration Fund and PowerShares Active Mega Cap Fundwill be managed by Invesco. PowerShares Active AlphaQ Fund and PowerSharesActive Alpha Multi-Cap Fund will be subadvised by AER Advisors, Inc.

PowerShares Active Low Duration Fund seeks to provide total return byinvesting in a portfolio of U.S. government, corporate and agency debtsecurities selected by Invesco World-Wide Fixed Income. The Fund seeks tooutperform its benchmark, Lehman Brothers 1-3 Year U.S. Treasury Index, byapplying an actively managed, top-down portfolio construction and bottom-upsecurity selection total return strategy. The Fund's effective duration isestimated to be in the range of zero to three years. The Fund's portfolioholdings will be disclosed daily on the Fund's website.

Brendan Gau and Scot Johnson, who have more than 25 years of investmentexperience between them, will serve as portfolio managers for thePowerShares Active Low Duration Portfolio. The fund's unitary fee will be0.29%.

PowerShares Active Mega Cap Fund seeks to provide long-term growth ofcapital by investing primarily in the equity securities ofmega-capitalization companies according to a quantitative approachdeveloped by Invesco Quantitative Strategies. The methodology seeks tooutperform its benchmark, the Russell Top 200® Index, by employing asystematic approach to portfolio management that includes quantitativemodels based on fundamental and technical evaluations and an optimizationprocess that seeks to effectively manage relative risk. The Fund'sportfolio holdings will be disclosed daily on the Fund's website.

Jeremy S. Lefkowitz is the lead manager of the portfolio management team atInvesco Quantitative Strategies. Mr. Lefkowitz has 40 years of investmentexperience. For more than 23 years, Invesco Quantitative Strategies Grouphas managed equity strategies using an active research-based stockselection process with careful risk management in an attempt to provideclients with consistent returns. Central to the investment process is aproprietary Stock Selection Model designed to consistently capture alphathrough the systematic application of key financial indicators andbehavioral concepts. The Fund's unitary fee will be 0.75%.

PowerShares Active AlphaQ Fund seeks to provide long-term capitalappreciation by investing in a portfolio of approximately 50 securitieslisted on the Nasdaq Global Market, selected pursuant to a proprietarystock screening methodology developed by AER Advisors, Inc. AER'sinvestment process seeks to achieve returns in excess of the NASDAQ 100®Index by focusing on the stocks identified through AER's proprietary stockscreening methodology. The Fund's portfolio holdings will be discloseddaily on the Fund's website.

David J. O'Leary, who has more than 35 years of investment industryexperience, will serve as lead Portfolio Manager to the fund. The Fundseeks to outperform traditional ETFs by using proprietary research methods,and by measuring money flows and fundamentals from current public data. Thefund's unitary fee will be 0.75%.

PowerShares Active Alpha Multi-Cap Fund seeks to provide long-term capitalappreciation by investing in a portfolio of approximately 50 securitiesselected pursuant to a proprietary stock screening methodology developed byAER Advisors, Inc. The investment process seeks to achieve returns inexcess of the S&P 500® Index by focusing on the stocks identified throughAER's stock screening methodology. The Fund's portfolio holdings will bedisclosed daily on the Fund's website.

David J. O'Leary, who has more than 35 years of investment industryexperience, will serve as lead Portfolio Manager to the fund. The Fundseeks to outperform traditional ETFs by using proprietary research methods,and by measuring money flows and fundamentals from current public data. TheFund's unitary fee will be 0.75%.

Invesco PowerShares is leading the intelligent ETF revolution through itsfamily of more than 100 domestic, international and active exchange-tradedfunds. With assets under management of $12.75 billion, PowerShares ETFstrade on all of the major U.S. stock exchanges that trade ETFs. For moreinformation, please visit us at www.invescopowershares.com.

Invesco PowerShares is a part of Invesco, Ltd. a leading independent globalinvestment management company, dedicated to helping people worldwide buildtheir financial security. By delivering the combined power of itsdistinctive worldwide investment management capabilities, including AIM,Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross,Invesco provides a comprehensive array of enduring investment solutions forretail, institutional and high net worth clients around the world.Operating in 20 countries, the company is currently listed on the New YorkStock Exchange under the symbol IVZ. Additional information is available atwww.invesco.com.

AER Advisors is a private financial services firm located in Rye Beach,N.H. The firm's primary focus is on product development of actively managedETFs. The PowerShares Active Alpha ETFs are based on a flexible universe ofover 3,000 U.S. exchange listed stocks and seeks to outperform traditionalindex ETFs by using a proprietary research methodology developed by AERAdvisors, Inc. For more information, please visit www.aeradvisors.com.

Risks of Owning Actively Managed Exchange-Traded Funds

There are risks involved with investing in the Funds. The Funds areactively managed and because actively managed ETFs have a limited tradinghistory, there can be no assurance as to whether and to what extent theFunds' shares will trade at premiums or discounts to net asset value.Shares are not FDIC insured, may lose value and have no bank guarantee. Youmay lose money investing in the Funds.

The PowerShares Active Low Duration Fund may be subject to risks associatedwith interest rate fluctuations, investments in high yield below investmentgrade securities and mortgage- and asset-backed securities. Please read theprospectus for more information.

The PowerShares Active Mega Cap Fund and PowerShares Active Low DurationFund may be subject to risks associated with the use of derivatives,engaging in leverage transactions and their status as non-diversifiedportfolios. The value of derivatives may rise or fall more rapidly thanother investments. The use of leverage may cause the Funds' portfolios toliquidate portfolio positions when it may not be advantageous to do so tosatisfy their obligations.

Additionally, the PowerShares Active Mega Cap Fund, PowerShares ActiveAlphaQ Fund and PowerShares Active Alpha Multi-Cap Fund may be subject tomarket risk, equity risk and small- and medium-capitalization company risk.Small- and mid-cap companies tend to be more vulnerable to adversedevelopments and more volatile than larger companies.

Shares are not individually redeemable and owners of the shares may acquirethose shares from the Fund and tender those shares for redemption to theFund in Creation Units only, typically consisting of aggregations of 50,000shares.

All four funds will be advised by Invesco PowerShares Capital ManagementLLC. PowerShares Active Low Duration Fund and PowerShares Active Mega CapFund will be managed by the Invesco World-Wide Fixed Income and InvescoQuantitative Strategies teams, respectively, both of which are groupswithin Invesco Institutional (N.A.), Inc., sub-adviser to the funds.PowerShares Active AlphaQ Fund and PowerShares Active Alpha Multi-Cap Fundwill be sub-advised by AER Advisors, Inc.

Invesco Aim Distributors, Inc. is the distributor of the PowerSharesActively Managed Exchange-Traded Fund Trust.

An investor should consider each Fund's investment objective, risks,charges and expenses carefully before investing. The prospectus containsthis and other information about the Funds. For more complete informationabout the Funds or to obtain a prospectus, call 800.983.0903. Please readthe prospectus carefully before investing.

Media Contacts:

Kristin Sadlon
Porter Novelli
212-601-8192
Email Contact

Bill Conboy
BC Capital Partners
303-415-2290
Email Contact



Top of Page | Main News Index | EmpireRelations.com Home Page EmpireRelations.com Selected Clients News

Come see our services. Copr. © 2005 Empire Relations Group, Inc.

Financials
Latest Headlines
Brown & Brown, Inc. Announces the Asset Acquisition of Advanced Insurance Concepts, Inc.
BellwetherReport.com Analyst Report on TTWO, DYAX, FMCN and CTIC
BellwetherReport.com Analyst Report on MENT, MITI, NEXC and TSYS
BellwetherReport.com Analyst Report on FNM, FRE, WM and MOT
BellwetherReport.com Analyst Report on POT, GG, HSY and FMD
BellwetherReport.com Analyst Report on DPDW, IEHC, FOUR and CVIC
BellwetherReport.com Analyst Report on FWLT, KR, TWX and PFAP
*Revised* Analyst Reports for AnnTaylor Stores Corporation, Burlington Northern Santa Fe Corporation, Beazer Homes USA Inc., and Cardinal Health Inc.
*Revised* Analyst Reports for Furniture Brands International Inc., Fannie Mae, Tiffany & Co., and Toll Brothers Inc.
Revised* Analyst Reports for Wal-Mart Stores Inc., Whirlpool Corporation, BJ Services Company, and Credit Suisse High Yield Bond Fund