Invesco PowerShares Lowers Fees on Domestic FTSE RAFI ETF Portfolios
October 24 2008 - 4:15PM
Marketwired
Invesco PowerShares Capital Management LLC, a leading provider of
exchange-traded funds (ETFs) announced that expense ratios for its
eleven domestic PowerShares FTSE RAFI ETF portfolios will be
lowered to 39 basis points effective November 1, 2008.
The names and ticker symbols for the PowerShares FTSE RAFI ETFs
are listed below:
PRF PowerShares FTSE RAFI US 1000 Portfolio
PRFZ PowerShares FTSE RAFI US 1500 Small-Mid Portfolio
PRFM PowerShares FTSE RAFI Basic Materials Sector Portfolio
PRFG PowerShares FTSE RAFI Consumer Goods Sector Portfolio
PRFS PowerShares FTSE RAFI Consumer services Sector Portfolio
PRFE PowerShares FTSE RAFI Energy Sector Portfolio
PRFF PowerShares FTSE RAFI Financials Sector Portfolio
PRFH PowerShares FTSE RAFI Health Care Sector Portfolio
PRFN PowerShares FTSE RAFI Industrials Sector Portfolio
PRFQ PowerShares FTSE RAFI Telecom & Technology Sector Portfolio
PRFU PowerShares FTSE RAFI Utilities Sector Portfolio
"Invesco PowerShares pioneered fundamentals weighted ETFs
introducing the first broad based US 1000 portfolio in 2005,
followed by a US 1500 and sector portfolios in 2006," said Bruce
Bond, President and CEO of Invesco PowerShares.
The PowerShares' Fundamentals Weighted Portfolios are based on
FTSE? RAFI� indexes, uniquely constructed using four fundamental
measures to rank a company's size: book value, cash flow, sales and
dividends. The equities with the highest fundamental strength are
weighted according to fundamental scores.
"The PowerShares fundamentals weighted ETFs are an important
alternative to cap weighted portfolios seeking to provide investors
higher returns with lower volatility over time. We are pleased to
continue our industry leading role and will be lowering fees across
the entire domestic FTSE RAFI lineup," continued Bruce Bond.
Invesco PowerShares is leading the intelligent ETF revolution
through its family of more than 140 domestic and international
index-based and actively managed exchange-traded funds. With assets
under management as of September 30, 2008, of approximately $12.21
billion, PowerShares ETFs trade on all of the major U.S. stock
exchanges that trade ETFs. For more information, please visit us at
www.invescopowershares.com.
Invesco PowerShares is a part of Invesco Ltd., a leading
independent global investment management company dedicated to
helping people worldwide build their financial security. By
delivering the combined power of its distinctive worldwide
investment management capabilities, including AIM, Atlantic Trust,
Invesco, Perpetual, PowerShares, Trimark, and WL Ross, Invesco
provides a comprehensive array of enduring investment solutions for
retail, institutional and high-net-worth clients around the world.
Operating in 20 countries, the company is currently 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. The Fund is not actively managed and is
subject to risk similar to stocks. Ordinary brokerage commissions
apply.
Shares are not FDIC insured, may lose value and have no bank
guarantee.
PowerShares� is a registered trademark of Invesco PowerShares
Capital Management LLC. Invesco PowerShares Capital Management LLC
and Invesco Aim Distributors, Inc. are indirect, wholly owned
subsidiaries of Invesco Ltd. The S-Network Emerging Infrastructure
Builders Index(SM) is licensed for use by Invesco PowerShares
Capital Management LLC. The PowerShares Emerging Markets
Infrastructure Portfolio is not sponsored, endorsed, sold or
promoted by S-NET. S-NET makes no representation or warranty,
express or implied, to the owners of the PowerShares Emerging
Markets Infrastructure Portfolio or any member of the public
regarding the advisability of investing in securities generally or
in the PowerShares Emerging Markets Infrastructure Portfolio
particularly or the ability of the S-Network Emerging
Infrastructure Builders Index(SM) to track the performance of the
securities market.
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 100,000 shares.
Invesco Aim Distributors, Inc. is the distributor of the
PowerShares Exchange-Traded Fund Trust II.
An investor should consider the Funds' investment objectives,
risks, charges and expenses carefully before investing. For this
and more complete information about the Funds call 800.983.0903 for
a prospectus. The prospectus contains this and other information
regarding the Funds. Please read the prospectus carefully before
investing.
Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email
Contact Bill Conboy BC Capital Partners 303-415-2290 Email
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