Invesco PowerShares Capital Management LLC, a leading provider of
exchange-traded funds (ETFs), announced the anticipated listing of
four new equity ETFs designed to provide access to companies
involved in the agriculture, coal, gold and precious metals and
steel sectors. The portfolios are expected to begin trading Sept.
18, 2008, on the Nasdaq Stock Market.
-- PAGG - PowerShares Global Agriculture Portfolio
-- PKOL - PowerShares Global Coal Portfolio
-- PSAU - PowerShares Global Gold and Precious Metals Portfolio
-- PSTL - PowerShares Global Steel Portfolio
"The rising standards of living and the rapid growth of
middle-class populations worldwide have created increased demand
and global opportunities for companies focused on producing food
and commodities," said Bruce Bond, president and CEO of Invesco
PowerShares Capital Management LLC. "These four new ETF portfolios
should provide investors transparent, tax-efficient access to
global portfolios of companies focused on key commodity
markets."
The PowerShares Global Agriculture Portfolio (PAGG) is based on
the NASDAQ OMX Global Agriculture Index(SM). The Index is designed
to measure the overall performance of globally traded securities of
the largest and most liquid companies involved in agriculture and
farming-related activities. The Index is rebalanced quarterly using
a modified market capitalization-weighting methodology.
The PowerShares Global Coal Portfolio (PKOL) is based on the
NASDAQ OMX Global Coal Index(SM). The Index is designed to measure
the overall performance of globally traded securities of the
largest and most liquid companies involved in the exploration for
and mining of coal, and other related activities in the coal
industry. The Index is rebalanced quarterly using a modified market
capitalization-weighting methodology.
The PowerShares Global Gold and Precious Metals Portfolio (PSAU)
is based on the NASDAQ OMX Global Gold and Precious Metals
Index(SM). The Index is designed to measure the overall performance
of globally traded securities of the largest and most liquid
companies involved in mining-related activities for gold and other
precious metals. The Index is rebalanced quarterly using a modified
market capitalization-weighting methodology.
The PowerShares Global Steel Portfolio (PSTL) is based on the
NASDAQ OMX Global Steel Index(SM). The Index is designed to measure
the overall performance of globally traded securities of the
largest and most liquid companies involved in the manufacturing and
storage of iron and steel products. The Index is rebalanced
quarterly using a modified market capitalization-weighting
methodology.
PowerShares Global Agriculture PowerShares Global Gold and Precious
Portfolio (PAGG) as of 6/30/08 Metals Portfolio (PSAU) as of 6/30/08
Index Index
Company Weight(%) Company Weight(%)
------- -------- ------- --------
Potash Corp. of Barrick Gold Corp. 8.00
Saskatchewan 8.00 Goldcorp Inc. 8.00
Syngenta AG 8.00 Impala Platinum 8.00
Monsanto Co. (New) 8.00 Newmont Mining Corp. 8.00
Mosaic Co. 7.61 Kinross Gold Corp. 6.85
Archer-Daniels-Midland Co. 7.36 Newcrest Mining Ltd. 4.00
Incitec Pivot 4.00 Yamana Gold Inc. 4.00
Agrium Inc. 4.00 Agnico-Eagle Mines Ltd. 4.00
K & S AG 4.00 Anglo American Platinum 4.00
Israel Chemical Corp. 4.00 Lonmin 4.00
Yara International ASA 4.00
PowerShares Global Coal Portfolio PowerShares Global Steel Portfolio
(PKOL) as of 6/30/08 (PSTL) as of 6/30/08
Index Index
Company Weight(%) Company Weight(%)
------- -------- ------- --------
Peabody Energy Corp. 8.00 Novolipetsk Iron & Steel 8.00
CONSOL Energy Inc. 8.00 ArcelorMittal 8.00
Cameco Corp. 8.00 POSCO 6.57
China Shenhua Energy H 8.00 Nippon Steel Corp. 5.40
Arch Coal 8.00 JFE Holdings Inc. 4.75
Bumi Resources TBK 4.00 ThyssenKrupp AG 4.30
Massey Energy Co. 4.00 United States Steel Corp. 3.86
Alpha Natural Resources 4.00 Siderurgica Nacional, CIA 3.67
China Coal Energy Company H 4.00 Magnitogorsk Iron & Steel
Patriot Coal Corp. 4.00 Works 3.51
Fortescue Metals Group 3.48
Source: The NASDAQ OMX Group, Inc., based on hypothetical Index information
as of June 30, 2008. Holdings are subject to change.
Invesco PowerShares is leading the intelligent ETF revolution
through its family of more than 100 domestic and international
index-based and actively managed exchange-traded funds. With assets
under management as of June 30, 2008, of $13.95 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. Shares are not actively managed and are
subject to risk similar to stocks and covered call options, as well
as those risks related to short selling and margin maintenance.
Ordinary brokerage commissions apply.
Small and Medium-Sized Company Risk Information
An investment in securities of small and medium-sized companies
involves greater risk than is customarily associated with investing
in more established, larger sized companies.
Foreign Risk Information
An investment in the securities of non-U.S. issuers involves
risks beyond those associated with investments in U.S. securities,
including, but not limited to: greater market volatility, the
availability of less reliable financial information, higher
transactional and custody costs, taxation by foreign governments,
decreased market liquidity, political instability, negative impact
of changes in currency exchange rates or foreign governmental
regulation, currency risk, fluctuation due to changes in interest
rates, effects of monetary policies issued by the United States,
foreign governments, central banks or supranational entities and
currency controls or other national or global political economic
developments, among others.
Non-Diversified Fund Risk Information
The Fund is considered non-diversified and can invest a greater
portion of assets in securities of individual issuers than a
diversified fund. As a result, changes in the market value of a
single investment could cause greater fluctuations in share price
than would occur in a diversified fund.
Industry and Sector Risk
When a Fund is focused in a specific industry or sector, it
presents greater risks than if it were broadly diversified over
numerous industries and sectors of the economy. There are
additional risks associated with investing in companies involved in
the steel, gold and precious metals, coal and agriculture
industries. Please read the prospectus for a summary of these risks
pertaining to each industry or sector.
PowerShares� is a registered trademark of Invesco PowerShares
Capital Management LLC. NASDAQ�, OMX(TM), NASDAQ OMX Global
Agriculture Index(SM), NASDAQ OMX Global Agriculture Index(SM),
NASDAQ OMX Global Coal Index(SM), NASDAQ OMX Global Gold and
Precious Metals Index(SM) and NASDAQ OMX Global Steel Index(SM) are
trade/service marks of The NASDAZ OMX Group, Inc. (which with its
affiliates is referred to as the "Corporations") and are licensed
for use by Invesco PowerShares. The Fund has not been passed on by
the Corporations as to their legality or suitability. The Fund is
not issued, endorsed, sold or promoted by the Corporations. THE
CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT
TO THE FUND.
Shares are not FDIC insured, may lose value and have no bank
guarantee.
Shares are not individually redeemable and owners of the shares
may acquire those shares from the Funds and tender those shares for
redemption to the Funds 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.
Invesco PowerShares Capital Management LLC and Invesco Aim
Distributors, Inc. are indirect, wholly owned subsidiaries of
Invesco Ltd.
An investor should consider the Funds' investment objective,
risks, charges and expenses carefully before investing. For a copy
of the prospectus, which contains this and other information about
the Funds, call 800.983.0903. Please read the prospectus carefully
before investing.
The information in the prospectus is not complete and may be
changed. The Funds may not sell their Shares until the registration
statement filed with the Securities and Exchange Commission is
effective. The prospectus is not an offer to sell the portfolios'
Shares, nor are the portfolios soliciting an offer to buy their
Shares in any jurisdiction where the offer or sale is not
permitted.
Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email
Contact Bill Conboy BC Capital Partners 303-415-2290 Email
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