DOWNERS GROVE, Ill.,
Sept. 29, 2017 /PRNewswire/
-- Invesco (NYSE: IVZ), a leading global provider of
exchange-traded funds (ETFs), announced today that it will close
and liquidate the following four ETFs in December 2017:
- PowerShares Contrarian Opportunities Portfolio (NYSE Arca:
CNTR)
- PowerShares Developed EuroPacific Currency Hedged Low
Volatility Portfolio (NYSE Arca: FXEP)
- PowerShares Europe Currency Hedged Low Volatility Portfolio
(NYSE Arca: FXEU)
- PowerShares Japan Currency Hedged Low Volatility Portfolio
(NYSE Arca: FXJP)
The last day of trading on the NYSE Arca, Inc. (the "Exchange")
for the affected ETFs will be Friday,
December 22, 2017 and the affected ETFs will be delisted
from the Exchange as of the immediately following trading day. The
last day creation orders will be accepted in the ETFs will be
December 14, 2017. The final
distribution to shareholders of the affected ETFs is expected to
occur on or about December 29,
2017.
"PowerShares regularly evaluates its product line to ensure that
we are offering a diverse set of funds to help investors meet their
desired investment outcomes," said Dan
Draper, global head of ETFs for Invesco. "We think
about how we can continuously better align our products with the
changing needs of investors."
About Invesco
Invesco is an independent investment
management firm dedicated to delivering an investment experience
that helps people get more out of life. NYSE: IVZ;
www.invesco.com.
About PowerShares by Invesco
PowerShares by Invesco is
leading the Intelligent ETF Revolution® through its
family of more than 140 domestic and international PowerShares
exchange-traded funds (ETFs). PowerShares ETFs seek to outperform
traditional benchmark indexes while providing advisors and
investors access to an innovative array of focused investment
opportunities. PowerShares has US franchise assets exceeding
$158 billion as of June 30, 2017. For more information, please visit
us at powershares.com or follow us on Twitter @PowerShares.
Important Risk Information
There are risks involved
with investing in ETFs, including possible loss of money.
Index-based ETFs are not actively managed. Actively managed ETFs do
not necessarily seek to replicate the performance of a specified
index. Both index-based and actively managed ETFs are subject to
risks similar to stocks, including those related to short selling
and margin maintenance. Ordinary brokerage commissions apply. The
Fund's return may not match the return of the Index.
Shares are not FDIC insured may lose value and have no bank
guarantee.
Shares are not individually redeemable and owners of the Shares
may acquire those Shares from the Fund and tender those Shares for
redemption to the Fund in Creation Unit aggregations only,
typically consisting of 10,000, 50,000, 75,000, 100,000 or
200,000 Shares.
This does not constitute a recommendation of any investment
strategy or product for a particular investor. Investors should
consult a financial professional before making any investment
decisions.
Before investing, investors should carefully read the
prospectus/summary prospectus and carefully consider the investment
objectives, risks, charges and expenses. For this and more complete
information about the Fund call 800 983 0903 or visit
invescopowershares.com for the prospectus/summary
prospectus.
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SOURCE Invesco Ltd.