PowerShares to List NASDAQ NextQ and FTSE NASDAQ Small Cap Portfolios
04 April 2008 - 12:56AM
Marketwired
CHICAGO, IL , today announced the listing of PowerShares NASDAQ
NextQ and PowerShares FTSE NASDAQ Small Cap Portfolios on the
NASDAQ Stock Market LLC.
The ticker symbols and portfolio names are:
-- PNXQ - PowerShares NASDAQ NextQ Portfolio
-- PQSC - PowerShares FTSE NASDAQ Small Cap Portfolio
"We are pleased to be back at the NASDAQ Stock Market
celebrating the listing of two new innovative ETF portfolios," said
Bruce Bond, president and CEO of PowerShares. "Today's listings
bring the total number of PowerShares portfolios to more than 110,
making our ETF lineup one of the broadest and most comprehensive in
the world."
The PowerShares NASDAQ NextQ Portfolio (PNXQ) is based on the
NASDAQ Q-50 Index(SM). The Index is designed to track the
performance of the 50 securities that are next in line to replace
the securities currently included in the NASDAQ-100 Index�. The
index reflects companies across major, non-financial industry
groups including computer hardware and software,
telecommunications, retail/wholesale trade and biotechnology, and
is adjusted quarterly.
The PowerShares FTSE NASDAQ Small Cap Portfolio (PQSC) is based
on the FTSE NASDAQ Small Cap Index. The index is designed to track
the performance of the smallest 10% of companies in the FTSE NASDAQ
Index universe of listed companies ranked by market capitalization.
Eligible securities for inclusion in the FTSE NASDAQ Small Cap
Index include common stock, American depositary receipts (ADRs) and
real estate investment trusts. The constituents of the FTSE NASDAQ
Small Cap Index are float-adjusted market capitalization weighted,
and selected on an annual basis.
Invesco PowerShares Capital Management LLC is leading the
intelligent ETF revolution through its family of more than 110
domestic and international exchange-traded funds, while providing
advisors and investors access to an innovative array of focused
investment opportunities. With franchise assets of over $35
billion, PowerShares ETFs trade on major U.S. stock exchanges. For
more information, please visit us at
www.invescopowershares.com.
PowerShares is a part of Invesco, a leading independent global
investment management company, dedicated to helping people
worldwide build their financial security. By delivering the
combined power of our 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.
Important Risk Information
There are risks involved with investing in ETFs, including
possible loss of money. The Funds are not actively managed and are
subject to risk similar to stocks. There are additional risks with
investing in small and medium-sized companies that are typically
not associated with larger, more established companies.
Investments in non-U.S. issuers, although limited to ADRs, may
involve unique risks compared to investing in securities of U.S.
issuers, including, among others, greater market volatility than
U.S. securities and less complete financial information than for
U.S. issuers. In addition, adverse political, economic or social
developments could undermine the value of the Fund's investments or
prevent the Fund from realizing the full value of its investments.
Financial reporting standards for companies based in foreign
markets differ from those in the United States. Finally, the value
of the currency of the country in which the Fund has invested could
decline relative to the value of the U.S. dollar, which may affect
the value of the investment to U.S. investors. In addition, the
underlying issuers of certain depositary receipts, particularly
unsponsored or unregistered depositary receipts, are under no
obligation to distribute shareholder communications to the holders
of such receipts, or to pass through to them any voting rights with
respect to the deposited securities.
Investments in securities of real estate companies involve
risks. These risks include, among others, adverse changes in
national, state or local real estate conditions; obsolescence of
properties; changes in the availability, cost and terms of mortgage
funds; and the impact of changes in environmental laws. In
addition, a REIT that fails to comply with federal tax requirements
affecting REITs may be subject to federal income taxation, or the
federal tax requirement that a REIT distribute substantially all of
its net income to its shareholders may result in a REIT having
insufficient capital for future expenditures. The value of a REIT
can depend on the structure of and cash flow generated by the REIT.
In addition, like mutual funds, REITs have expenses, including
advisory and administration fees that are paid their shareholders.
As a result, you will absorb duplicate levels of fees when the Fund
invests in REITs. In addition, REITs are subject to certain
provisions under federal tax law. The failure of a company to
qualify as a REIT could have adverse consequences for the Fund,
including significantly reducing return to the Fund on its
investment in such company.
Shares are not FDIC insured, may lose value and have no bank
guarantee. Shares may be sold throughout the day on the exchange
through any brokerage account. Shares may only be redeemed directly
from the Portfolio by Authorized Participants in large blocks
typically consisting of 100,000 Shares.
Invesco A I M Distributors, Inc. is the distributor of the
PowerShares Exchange-Traded Fund Trust.
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. The prospectus
contains this and other information about the Fund. For this and
more complete information about the Fund call 800.983.0903 or visit
the website www.invescopowershares.com to obtain a prospectus.
Please read the prospectus carefully before investing.
Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email
Contact Bill Conboy 303-415-2290 Email Contact
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