Invesco PowerShares Lists Low Volatility and High Beta, S&P 500 Based ETFs
May 05 2011 - 10:10AM
Marketwired
Invesco PowerShares Capital Management LLC, a leading global
provider of exchange-traded funds (ETFs), announced that the
PowerShares S&P 500® Low Volatility Portfolio (NYSE Arca: SPLV)
and PowerShares S&P 500® High Beta Portfolio (NYSE Arca: SPHB)
began trading today on the NYSE Arca. The portfolios are the first
ETFs to provide investors access to low volatility and high beta
versions of the widely followed S&P 500® Index.
"We believe the PowerShares S&P 500 Low Volatility Portfolio
is an attractive tool for advisors seeking lower volatility for the
portfolio core, and may offer a measure of protection in down
cycles while still potentially participating in upward trending
cycles," said Ben Fulton, Invesco PowerShares managing director of
global ETFs.
"For advisors and investors seeking cost-effective ways to add a
bullish tactical portfolio tilt, we believe the PowerShares S&P
500 High Beta Portfolio allows investors to increase their exposure
to the equity market without using leverage," added Ben Fulton.
The PowerShares S&P 500® Low Volatility Portfolio (SPLV)
is the first volatility-weighted ETF and seeks investment results
that correspond (before fees and expenses) generally to the price
and yield of the S&P 500® Low Volatility Index (the Underlying
Index). The Fund will invest at least 90% of its total assets in
common stocks that comprise the Underlying Index, which consists of
the 100 stocks from the S&P 500® Index, with the lowest
realized volatility over the past 12 months as determined by
Standard & Poor's. Index constituents are rebalanced
quarterly.
The PowerShares S&P 500® High Beta Portfolio (SPHB) is
the first beta-weighted ETF and seeks investment results that
correspond (before fees and expenses) generally to the price and
yield of the S&P 500® High Beta Index (the Underlying Index).
The Fund will invest at least 90% of its assets in common stocks
that comprise the Underlying Index, which consists of the 100
stocks from the S&P 500 Index with the highest sensitivity to
market movements, or beta, over the past 12 months as determined by
Standard & Poor's. Index constituents are rebalanced
quarterly.
Invesco PowerShares Capital Management LLC is leading the
Intelligent ETF Revolution® through its family of more than 140
domestic and international exchange-traded funds, which seek to
outperform traditional benchmark indexes while providing advisors
and investors access to an innovative array of focused investment
opportunities. With franchise assets over $60 billion as of March
31, 2011, PowerShares ETFs trade on both U.S. stock exchanges. For
more information, please visit us at invescopowershares.com or
follow us on Twitter @PowerShares.
Invesco is a leading independent global investment manager,
dedicated to helping investors worldwide achieve their financial
objectives. By delivering the combined power of our distinctive
investment management capabilities, Invesco provides a wide range
of investment strategies and vehicles to our retail, institutional
and high net worth clients around the world. Operating in more than
20 countries, the company is listed on the New York Stock Exchange
under the symbol IVZ. Additional information is available at
www.invesco.com.
There are risks involved with investing in ETFs, including
possible loss of money. Shares are not actively managed and are
subject to risks including those regarding short selling and margin
maintenance requirements. Ordinary brokerage commissions apply.
Volatility is the annualized standard deviation of index
returns. Beta is a measure of relative risk and the slope of
regression.
The prices of equity securities change in response to many
factors, including the historical and prospective earnings of the
issuer, the value of its assets, general economic conditions,
interest rates, investor perceptions and market liquidity.
The Funds are non-diversified and can invest a greater portion
of their assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a
single investment could cause greater fluctuations in Share price
than would occur in a diversified fund. This may increase the
Funds' volatility and cause the performance of a relatively small
number of issuers to have a greater impact on the Funds'
performance.
The S&P 500® Index is an unmanaged index considered
representative of the U.S. stock market. Index returns do not
represent Fund returns. An investor cannot invest directly in an
index.
Standard & Poor's® and S&P® are registered trademarks of
Standard & Poor's Financial Services LLC ("Standard &
Poor's") and have been licensed for use by the Adviser. The Fund is
not sponsored, endorsed, sold or promoted by Standard & Poor's
or its Affiliates, and Standard & Poor's and its Affiliates
make no representation, warranty or condition regarding the
advisability of buying, selling or holding shares of the Fund.
Not FDIC Insured | May Lose Value | 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 50,000 Shares.
Note: Not all products available through all firms.
Invesco Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Fund Trust II.
PowerShares® is a registered trademark of Invesco PowerShares
Capital Management LLC (Invesco PowerShares). Invesco PowerShares
Capital Management LLC and Invesco Distributors, Inc. are indirect,
wholly owned subsidiaries of Invesco Ltd.
An investor should consider the Funds' investment objectives,
risks, charges and expenses carefully before investing. For this
and more complete information about these Funds, call 800 983 0903
or visit invescopowershares.com for a prospectus. Please read the
prospectus carefully before investing.
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Media Contacts: Kristin Sadlon Porter Novelli
212-601-8192 Email Contact Bill Conboy 303-415-2290 Email
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