American Stock Exchange Launches Eleven New ETFs From PowerShares
13 October 2006 - 2:25AM
PR Newswire (US)
NEW YORK, Oct. 12 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today announced that it has launched trading in 11 new
exchange traded funds (ETFs) from PowerShares Capital Management
LLC (PowerShares). The ETFs are based on Dynamic Intellidex(SM)
indexes and include one broad-based, two industry and eight sector
portfolios. "We are very excited to welcome PowerShares back to the
Amex for their 11 new ETF listings," said Cliff Weber, Senior Vice
President of the Amex ETF Marketplace. "The Amex takes great pride
in supporting PowerShares' 47 ETF listings on the Exchange as we
continue to bring innovative products to the marketplace." ETF
Names and Ticker Symbols: Broad Market PIQ - PowerShares Dynamic
MagniQuant Portfolio Industry PJB - PowerShares Dynamic Banking
Portfolio PTJ - PowerShares Dynamic Healthcare Services Portfolio
Sector PYZ - PowerShares Dynamic Basic Materials Sector Portfolio
PEZ - PowerShares Dynamic Consumer Discretionary Sector Portfolio
PSL - PowerShares Dynamic Consumer Staples Sector Portfolio PXI -
PowerShares Dynamic Energy Sector Portfolio PFI - PowerShares
Dynamic Financial Sector Portfolio PRN - PowerShares Dynamic
Industrials Sector Portfolio PTH - PowerShares Dynamic Healthcare
Sector Portfolio PTF - PowerShares Dynamic Technology Sector
Portfolio "We are very pleased to be working with the Amex to
expand the PowerShares family of ETFs," said Bruce Bond, President
of PowerShares. "The Intellidex stock selection methodology, which
uses a sophisticated quantitative methodology to determine the
investment merit of a company and whether it should be included in
the index, is a cornerstone in our Intelligent ETF business."
Goldman Sachs Execution & Clearing, LP is the specialist for
PYZ, PXI, PFI and PIQ. Kellogg Capital Group is the specialist for
PEZ, PRN, PTF and PJB. LaBranche Structured Products, LLC is the
specialist for PSL, PTH and PTJ. Options will also be traded on the
11 ETFs. The specialist for PYZ, PXI and PTH Options is Group One
Trading LP. The specialist for PEZ, PRN, PTF and PJB Options is
Kellogg Capital Group. LaBranche Structured Products, LLC is the
specialist for PSL, and PIQ Options. Susquehanna Investment Group
will trade Options on PFI and PTJ. About the American Stock
Exchange The American Stock Exchange(R) (Amex(R)) is the only
primary exchange that offers trading across a full range of
equities, options and exchange traded funds (ETFs), including
structured products and HOLDRS(SM). In addition to its role as a
national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in
1993. Leading the industry in ETF listings, the Amex lists 206
ETFs. The Amex is also one of the largest options exchanges in the
U.S., trading options on broad-based and sector indexes as well as
domestic and foreign stocks. For more information, please visit
http://www.amex.com/. Risks of Owning PowerShares PowerShares Funds
are made up of publicly traded securities that can and will move
higher and lower with market movements. You should anticipate that
the value of the shares of each fund will advance or decline more
or less in correlation with the advance or decline in value of the
applicable index. The Funds are not actively managed, and shares of
the Funds may trade at or below the Funds' NAV. Exchange-traded
funds are subject to risks similar to those of stocks, including
risks associated with short-selling and margin account maintenance.
A I M Distributors, Inc. is the distributor of the PowerShares
Exchange- Traded Fund Trust. An investor should consider the Fund's
investment objectives, risks, charges and expenses carefully before
investing. For this and more complete information about the Fund,
call 800.983.0903 or visit the website http://www.powershares.com/
for a prospectus. Please read the prospectus carefully before
investing. DATASOURCE: American Stock Exchange CONTACT: Bari Trontz
of American Stock Exchange, +1-212-306-8964, Web site:
http://www.amex.com/
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