Invesco PowerShares Capital Management LLC, a leading global
provider of exchange-traded funds (ETFs), today announced name
changes for its four DWA Technical Leaders ETFs. The Funds will
continue to be based on Dorsey, Wright & Associates index
methodology, and existing ticker symbols and investment objectives
will remain unchanged.
On Sept. 24, the Board approved the following name changes that
will take effect on October 4, 2013.
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Ticker Former Portfolio Name New Portfolio Name
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PDP PowerShares DWA Technical Leaders PowerShares DWA Momentum
Portfolio Portfolio
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DWAS PowerShares DWA SmallCap Technical PowerShares DWA SmallCap
Leaders Portfolio Momentum Portfolio
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PIZ PowerShares DWA Developed Markets PowerShares DWA Developed
Technical Leaders Portfolio Markets Momentum Portfolio
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PIE PowerShares DWA Emerging Markets PowerShares DWA Emerging
Technical Leaders Portfolio Markets Momentum Portfolio
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"We believe renaming the PowerShares DWA Technical Leaders suite
as Momentum ETFs will help investors better understand how they fit
within our broader suite of Smart Beta solutions, and ultimately
how investors may use them in a portfolio," said Lorraine Wang,
Invesco PowerShares global head of ETF products and research.
"Momentum, as measured by relative strength, can be a powerful tool
for stock selection. Advisors and investors are using the
PowerShares DWA Momentum ETFs both as tactical portfolio
allocations and as core holdings to help achieve better risk
adjusted returns over time."
"Our partnership with Invesco PowerShares has been a very
successful one," said Tom Dorsey, President and CEO of Dorsey,
Wright & Associates. "We look forward to where this partnership
will take us in the coming years."
The PowerShares DWA Momentum ETFs, based on the Dorsey Wright
& Associates (DWA) technical leaders index methodology, were
the first momentum ETFs available in the US marketplace. Since
launched in the beginning of 2007, the PowerShares DWA Momentum
ETFs have grown to over $2 billion in assets under management as of
Sept. 24, 2013.
PowerShares DWA Momentum ETFs are based on "Relative Strength",
a measure of a stock's performance in relation to other investment
options. Numerous studies have demonstrated that relative strength
can be a powerful tool for stock selection. A key strength of this
methodology is that it's based on unbiased, objective market data,
as opposed to a more subjective forecasting and research
models.
About Dorsey, Wright & Associates,
LLC
Dorsey, Wright & Associates (DWA) is an independent and
privately owned registered investment advisory firm based in
Richmond, Virginia. Thomas Dorsey and Watson Wright founded Dorsey,
Wright & Associates in 1987 to provide technical equity
analysis services to professional and individual investors. Today,
DWA remains a leader in Point & Figure analysis and Relative
Strength investing. Dorsey Wright maintains a Global Technical
Research Platform, available by subscription, and provides
advisory, subadvisory and licensing services. For more information,
please visit dorseywright.com.
About Invesco PowerShares Capital Management
LLC and Invesco, Ltd.
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 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.
Important Terms
Beta: Is a measure of risk representing
how a security is expected to respond to general market movements.
For example, a beta of one means that the security is expected to
move with the market. A beta of less than one means the security is
expected to be less volatile than the overall market. Betas greater
than one are expected to exhibit more volatility or movement than
the general market.
Smart Beta: Represents an index that
utilizes alternative weighting and selection, seeking to outperform
a benchmark, reduce portfolio risk or both.
Important Risk Information
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' return may not
match the return of the Underlying Index.
Investments focused in a particular industry are subject to
greater risk, and are more greatly impacted by market volatility,
than more diversified investments.
The Funds are considered non-diversified and may be subject to
greater risks than a diversified fund.
PowerShares DWA Momentum Portfolio
Investing in securities of medium capitalization companies may
involve greater risk than is customarily associated with investing
in large companies.
PowerShares DWA SmallCap Momentum
Portfolio
Investing in securities of small capitalization companies may
involve greater risk than is customarily associated with investing
in large companies.
PowerShares DWA Developed Markets Momentum
Portfolio and PowerShares DWA Emerging Markets Momentum
Portfolio
Foreign securities have additional risks, including
exchange-rate changes, decreased market liquidity, political
instability and taxation by foreign governments.
The dollar value of the fund's foreign investments will be
affected by changes in the exchange rates between the dollar and
the currencies in which those investments are traded.
American Depositary Receipts (ADRs) involve many of the same
risks as those associated with direct investment in foreign
securities. 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.
Global Depository Receipts involve the same risks as those
associated with ADRs. In addition, they are subject to currency,
political, economic and market risks because their values depend on
the performance of the non-dollar denominated underlying foreign
securities.
A natural or other disaster could occur in a geographic region
in which the Fund invests, which could adversely impact the Fund's
investments in the affected region.
Securities lending involves a risk of loss because the borrower
may fail to return the securities in a timely manner or at all. If
a Fund is not able to recover the securities loaned, it may sell
the collateral and purchase a replacement security in the market.
Lending securities entails a risk of loss to the Funds if and to
the extent that the market value of the loaned securities increases
and the collateral is not increased accordingly.
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 or sector, such as
the industrials, consumer discretionary, basic materials and
financial services sectors are subject to greater risk, and are
more greatly impacted by market volatility, than more diversified
investments.
PowerShares DWA Developed Markets Momentum
Portfolio
Securities lending involves a risk of loss because the borrower
may fail to return the securities in a timely manner or at all. If
a Fund is not able to recover the securities loaned, it may sell
the collateral and purchase a replacement security in the market.
Lending securities entails a risk of loss to the Funds if and to
the extent that the market value of the loaned securities increases
and the collateral is not increased accordingly.
PowerShares DWA Emerging Markets Momentum
Portfolio
Investment in securities in emerging market countries involves
risks not associated with investments in securities in developed
countries.
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 Units only, typically consisting
of aggregations of 50,000, 75,000, 100,000 or 200,000 shares.
Invesco Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Fund Trust II. Invesco Distributors Inc. is not
affiliated with Dorsey, Wright & Associates, LLC.
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 the Funds
call 800 983 0903 or visit invescopowershares.com for a prospectus.
Please read the prospectus carefully before investing.
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