Invesco PowerShares Capital Management LLC, a leading global
provider of exchange-traded funds (ETFs), announced today the
PowerShares Fundamental suite of ETFs recently passed the $5
billion assets under management (AUM) mark. Invesco PowerShares
offers ETFs tracking Fundamentals Weighted indices trading in the
US, Canada and Europe.
"Invesco PowerShares has been focused on providing investors
with the broadest and most diverse family of 'smart beta' ETFs
since the firm was founded," said Andrew Schlossberg, head of
global ETFs.(1) "Invesco PowerShares pioneered Fundamentals
Weighted ETFs introducing the first broad-based US 1000 portfolio
back in 2005, followed by international portfolios in 2007, and the
first fixed-income portfolio in 2010. We are pleased to reach this
$5 billion milestone for the PowerShares Fundamentals Weighted
ETFs. Investors are readily adopting Fundamental strategies along
with low volatility, high beta, and momentum-based ETFs as
potential effective smart beta portfolio solutions." (2)
Invesco PowerShares RAFI Fundamentals Weighted Portfolios are
based on the Research Affiliates Fundamental Index methodology.
This Index methodology uses four fundamental measures of company
size: book value, cash flow, sales and dividends, to select and
weight index constituents. By using four fundamental factors rather
than one, the RAFI Fundamental Index methodology is thought to be a
more robust means of capturing a company's true economic
footprint.
"The PowerShares Fundamental ETFs seek to provide investors with
improved risk-adjusted returns compared to cap-weighted
benchmarks," added John Feyerer, head of product strategy &
research at Invesco PowerShares.(3) "Our two flagship ETFs in this
suite, the PowerShares FTSE RAFI US 1000 Portfolio (PRF) along with
the PowerShares FTSE RAFI US 1500 Small-Mid Portfolio (PRFZ), its
US 1500 complement, have established five-year and since inception
track records that demonstrated their effectiveness over varying
market cycles. We believe the PowerShares Fundamental ETFs provide
investors an important alternative to passive cap-weighted
strategies, and also represent great value compared to actively
managed portfolios when relative performance and fees are
considered."
"We are proud to partner with Invesco PowerShares on this suite
of ETFs," said Michael Larsen, global head of affiliate relations
at Research Affiliates, LLC. "In an era of lower expected returns,
it is important to provide investors better tools for their
toolkit."
Invesco PowerShares currently has 28 equity and four
fixed-income ETFs based on the RAFI Fundamental Index
methodology.(4)
Performance as of June 30, 2013
----------------------------------------------------------------------------
Since
Lipper Since Incept.
PowerShares Exp. Lipper Classifi- Incept. Annual- Since
ETF Incept. Ratio Classifi- cation (%) ized Incept.
(Ticker) Date (%) cation Median Exp. Lipper Perfor- Risk Adj.
/ Benchmark Ratio (%) Rank(5) mance Return(3)
at NAV
----------------------------------------------------------------------------
PowerShares 12/19/05 0.39 Large-Cap 1.01 8 (49 6.93% 0.36
FTSE RAFI Core of 624)
US 1000
Portfolio
(PRF)
Russell
1000 Index 5.70% 0.35
----------------------------------------------------------------------------
PowerShares 9/20/06 0.39 Small-Cap 1.14 10 (43 8.38% 0.34
FTSE RAFI Core of 476)
US 1500
Small-Mid
Portfolio
(PRFZ)
Russell
2000 Index 5.76% 0.26
----------------------------------------------------------------------------
Sources: Bloomberg and Lipper, as of June 30,
2013. Past performance does not guarantee future results.
(1) Smart beta is an attempt to implement a methodology or
strategy to provide an alternative market/index beta that seeks to
offer a benefit to investors. (2) Volatility is the annualized
standard deviation of index returns. Beta is a measure of relative
risk and the slope of regression. (3) Risk adjusted return
calculated by dividing annualized return by the standard deviation
of returns. (4) As of June 30, 2013. The number of RAFI Fundamental
Index methodology products mentioned includes those that are not
available to US investors. (5) Since Inception Lipper Rank begins
the month-end date of the ETF's inception month. Lipper fund
percentile rankings are based on total returns, excluding sales
charges and including fees and expenses, and are versus all funds
in the category tracked by Lipper. An investor cannot invest
directly in an index.
Standardized Performance as of June 30,
2013
------------------------------------------------------
Annualized Return (%)
----------------------------------------------------------------------------
NAV After Tax Held
-------------------------------------------
PowerShares FTSE RAFI Net Exp.
Portfolio Ratio (%)* 1 Yr 5 Yr Incept. 1 Yr 5 Yr Incept.
----------------------------------------------------------------------------
US 1000 0.39 26.52 10.26 6.94 25.84 9.89 6.62
US 1500 Small-Mid 0.39 28.39 12.76 8.39 27.81 12.52 8.19
----------------------------------------------------------------------------
------------------------------------------------
Annualized Return (%)
---------------------------------------------------------------------
After Tax Sold Market Price
------------------------------------------------
PowerShares FTSE RAFI
Portfolio 1 Yr 5 Yr Incept. 1 Yr 5 Yr Incept.
---------------------------------------------------------------------
US 1000 15.37 8.15 5.55 26.85 10.33 7.00
US 1500 Small-Mid 16.40 10.21 6.70 28.71 12.78 8.41
---------------------------------------------------------------------
Performance data quoted represents past performance. As stated
in each Fund's prospectus, expense ratios are expressed as a
unitary fee to cover expenses incurred in connection with managing
the portfolios. *The PowerShares FTSE RAFI US 1000 and US 1500
Small-Mid Portfolios have gross expense ratios of 0.43% and 0.44%,
respectively. However, the Adviser has contractually agreed to
waive fees and/or pay certain Fund expenses which resulted in the
total net operating expense of 0.39% for each fund. These waivers
and reimbursement contracts extend through at least Aug. 31, 2013.
Past performance is not a guarantee of future results; current
performance may be higher or lower than performance quoted.
Investment returns and principal value will fluctuate and Shares,
when redeemed, may be worth more or less than their original cost.
The Shares' performance reflects fee waivers, absent which
performance would have been lower. See invescopowershares.com to
find the most recent month-end performance numbers. After Tax Held
represents total return after taxes on distributions and assumes
Shares have not been sold. After Tax Sold represents total return
after taxes on distributions and the sale of Fund Shares. After-tax
returns reflect the highest federal income tax rate but exclude
state and local taxes. Market returns are based on the midpoint of
the bid/ask spread at 4 p.m. ET and do not represent the returns an
investor would receive if shares were traded at other times.
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 $78 billion as of June
30, 2013, PowerShares ETFs trade on both US stock exchanges. For
more information, please visit us at invescopowershares.com or
follow us on Twitter @PowerShares.
Invesco, Ltd. is a leading independent global investment
management firm, 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 firm is listed on the New
York Stock Exchange under the symbol IVZ. Additional information is
available at www.invesco.com.
Note: Not all products are available through all firms.
There are risks involved with investing in ETFs, including
possible loss of money. Shares are not actively managed and are
subject to risks similar to those of stocks, including those
regarding short selling and margin maintenance requirements.
Ordinary brokerage commissions apply. The Funds' returns may not
match the returns of their Underlying Indexes.
Investing in securities of small and medium-sized companies may
involve greater risk than is customarily associated with investing
in large companies.
Investments focused in a particular industry are subject to
greater risk, and are more greatly impacted by market volatility,
than more diversified investments.
The Russell 1000® Index and the Russell 2000® Indexes are
unmanaged indexes considered representative of large-cap stocks and
small-cap stocks, respectively. The Russell 1000® Index and the
Russell 2000® Index are trademark/ service marks of the Frank
Russell Co. Russell® is a trademark of the Frank Russell Co.
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.
Shares are not FDIC insured, may lose value and
have no bank guarantee.
Fundamental Index® and RAFI® trade names, patented and patent
pending concepts are the exclusive property of Research
Affiliates®, LLC. Fundamental Index® and RAFI® are not affiliated
with Invesco Ltd.
Invesco Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Fund Trust. Invesco Distributors Inc. is not
affiliated with Research Affiliates.
PowerShares® is a registered trademark of Invesco PowerShares
Capital Management LLC (Invesco PowerShares). Invesco PowerShares
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 the Funds
call 800 983 0903 or visit invescopowershares.com for a prospectus.
Please read the prospectus carefully before investing.
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