CHICAGO, IL , today announced the anticipated listing of three
innovative ETF portfolios designed to provide investors convenient
access to long-term, core asset allocation strategies through
investment in other ETFs. The new portfolios, based on three
defined risk profiles targeting a given percentage of investment in
equity and fixed-income securities: balanced, balanced growth and
growth, are expected to begin trading May 15, 2008 on the American
Stock Exchange.
The anticipated ticker symbols and ETF portfolio names are:
PCA - PowerShares Autonomic Balanced NFA Global Asset Portfolio
PAO - PowerShares Autonomic Balanced Growth NFA Global Asset Portfolio
PTO - PowerShares Autonomic Growth NFA Global Asset Portfolio
PowerShares Autonomic Global Asset Portfolios are the first of a
new family of PowerShares ETF portfolios that seek to provide
global, risk-controlled asset allocation strategies through
investment in other ETFs.
"We are truly thrilled to provide investors efficient access to
world-class asset allocation strategies using the benefit-rich ETF
format," said Bruce Bond, president and CEO of Invesco PowerShares.
"The Autonomic NFA Global Asset Portfolios seek to deliver the
benefits of risk-targeted asset allocation combined with the
anticipated tax efficiency of ETFs."
Asset allocation is an investment strategy that seeks to balance
risk and reward in a portfolio by spreading investments over
several types of asset classes, such as equities, fixed-income and
other non-equity correlated assets. Widely considered to be the
basis of a properly designed long-term investment program,
strategic asset allocation is employed by institutions and
sophisticated investors to reduce a portfolio's exposure to a
downturn in any one particular type of asset, while seeking to
provide higher risk-adjusted returns over the long term.
The New Frontier Global Dynamic Indexes underlying the
PowerShares Autonomic NFA Global Asset Portfolios are constructed
using the patented Resampled Efficiency(TM) (RE) optimization
process from New Frontier Advisors.
"With Resampled Efficiency, the PowerShares Autonomic ETFs bring
state-of-the-art institutional quality asset management tools that
are designed to maximize core investment management and long-term
objectives to advisors and investors, including demonstrably
improved portfolio optimization and rebalancing," said Dr. Richard
Michaud, president and CIO of New Frontier Advisors, LLC.
Michaud noted that with attributes like transparency,
tax-efficiency and access to nearly every major asset class, ETFs
are an ideal asset allocation tool. "We are pleased to join with
Invesco PowerShares to bring these innovative products to market,"
he said.
Product information on PowerShares Autonomic NFA Global Asset
Portfolios is as follows:
The PowerShares Autonomic Balanced NFA Global Asset Portfolio
(PCA) is based on the New Frontier Global Dynamic� Balanced Index.
This "Index of ETFs" is designed to select ETFs and their
appropriate weights through New Frontier Advisors' proprietary and
patented Resampled Efficiency(TM) optimization process. PCA covers
a combination of asset classes designed to maximize long-term
returns for a risk profile that includes approximately 60% equities
and 40% taxable fixed-income.
The PowerShares Autonomic Balanced Growth NFA Global Asset
Portfolio (PAO) is based on the New Frontier Global Dynamic�
Balanced Growth Index. This "Index of ETFs" is designed to select
ETFs and their appropriate weights through New Frontier Advisors'
proprietary and patented Resampled Efficiency(TM) optimization
process. PAO covers a combination of asset classes designed to
maximize long-term returns for a risk profile that includes
approximately 75% equities and 25% taxable fixed-income.
The PowerShares Autonomic Growth NFA Global Asset Portfolio
(PTO) is based on the New Frontier Global Dynamic� Growth Index.
This "Index of ETFs" is designed to select ETFs and their
appropriate weights through New Frontier Advisors' proprietary and
patented Resampled Efficiency(TM) optimization process. PTO covers
a combination of asset classes designed to maximize long-term
returns for a risk profile that includes approximately 90% equities
and 10% taxable fixed-income.
The Indexes underlying the PowerShares Autonomic NFA Global
Asset Portfolios will generally include ETFs advised by Invesco
PowerShares Capital Management LLC or its affiliates; or if the
asset exposure sought is not available through a PowerShares ETF,
the NFA Global Asset Portfolios will include ETFs advised by
unaffiliated entities.
Invesco PowerShares is leading the intelligent ETF revolution
through its family of more than 100 domestic, international and
actively managed exchange-traded funds. With assets under
management of $12.75 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.
New Frontier Advisors, LLC (NFA) offers global, risk-controlled,
strategic asset allocations that are intended as long-term or core
investments in a well-defined investment program. NFA is a
Boston-based institutional research and investment advisory firm
with an extensive background in quantitative research, consulting
and management. The firm continues to pioneer new developments in
asset allocation and portfolio selection. Based on cutting-edge
practical economic theory, NFA's services help institutional
investors worldwide select and maintain more effective
portfolios.
Risks of Owning Exchange-Traded Funds
There are risks involved with investing in the Funds. There are
risks involved with investing in ETFs, including possible loss of
money. The Funds are not actively managed and are subject to risks
similar to stocks. Shares are subject to risks. Shares are not FDIC
insured, may lose value and have no bank guarantee.
The Funds pursue their investment objectives primarily by
investing their assets in the Funds' underlying ETFs rather than
investing directly in stocks, bonds, cash or other investments. The
Funds' investment performance, because they are funds of funds,
depends on the investment performance of the underlying ETFs in
which they invests. An investment in the PowerShares Autonomic
Balanced NFA Global Asset Portfolio, PowerShares Autonomic Balanced
Growth NFA Global Asset Portfolio and the PowerShares Autonomic
Growth NFA Global Asset Portfolio are subject to the risks
associated with their underlying ETFs that comprise the Underlying
Indexes. The Funds will indirectly pay a proportional share of the
asset-based fees of the underlying ETFs in which they invest. There
is a risk that New Frontier Advisors' evaluations and assumptions
regarding the broad asset classes represented in the Underlying
indexes may be incorrect, based on actual market conditions. In
addition, at times the segments of the market represented by
constituent underlying ETFs in the underlying indexes may be out of
favor and under perform other segments. Investment in underlying
ETFs may subject the Funds to the following risks: Market Risk;
Non-Correlation Risk; Replication Management Risk; Equity
Securities Risk; Fixed-Income Securities Risk; Zero Coupon
Securities Risk; Mortgage-Backed Securities Risk; Small and
Medium-Sized Company Risk; Large-Sized Company Risk; Value
Investing Style Risk; Growth Investing Risk; Foreign Securities
Risk; Developing Markets Securities Risk; Emerging Markets
Securities and Commodities Risk, among others. Please see the
prospectus for more complete risk information.
PowerShares ETFs are not sponsored, endorsed, sold, or promoted
by New Frontier Advisors, LLC (NFA). NFA makes no representation or
warranty, express or implied, to the owners of PowerShares ETFs or
any member of the public regarding the advisability of investment
in securities generally, or in PowerShares ETFs particularly, or
the ability of the NFA indices to track global economic growth. NFA
expressly disclaims all warranties of merchantability and fitness
for a particular purpose with respect to the NFA Global Dynamic
Indices and any data included therein. NFA's only relationship to
Invesco PowerShares is the licensing of the NFA Global Dynamic
Indices, which is determined and composed by NFA and calculated by
the American Stock Exchange.
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., Invesco Aim
Distributors, Inc. and Invesco Institutional (N.A.), 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 the website www.invescopowershares.com for 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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