For Immediate Release
Invesco PowerShares Launches Industry’s First Three
Actively Managed Equity Exchange-Traded Funds
CHICAGO – April 11, 2008 – Invesco PowerShares, a leading provider of
exchange-traded funds (ETFs), announced that the industry’s first three actively
managed equity ETFs and PowerShares’ first actively managed fixed-income ETF
are scheduled to begin trading today on the NYSE Arca.
The ticker symbols and portfolio names are as follows:
• PLK - PowerShares Active Low Duration Fund
• PMA - PowerShares Active Mega Cap Fund
• PQY - PowerShares Active AlphaQ Fund
• PQZ - PowerShares Active Alpha Multi-Cap Fund
“PowerShares is honored to participate in ushering in the Actively Managed ETF
revolution, the most significant industry event since its inception 15 years ago,”
said Bruce Bond, president and CEO of Invesco PowerShares. “We believe the
advent of actively-managed ETFs has the potential to change the way people invest
in the future, thus altering the investing landscape as we know it today. The
introduction of Active ETFs further amplifies PowerShares’ ongoing commitment to
providing investment advisers with innovative financial excellence.”
Invesco PowerShares is a part of Invesco, Ltd. a leading independent global
investment management company.
“The introduction of active equity ETFs represents a milestone for Invesco and for
the investment management industry,” said Invesco President and CEO Martin L.
Flanagan. “It enables us to provide clients further access to our comprehensive,
high-quality investment management capabilities through the convenience of an
PowerShares Active Low Duration Fund and PowerShares Active Mega Cap Fund will
be managed by Invesco. PowerShares Active AlphaQ Fund and PowerShares Active
Alpha Multi-Cap Fund will be subadvised by AER Advisors, Inc.
PowerShares Active Low Duration Fund seeks to provide total return by
investing in a portfolio of U.S. government, corporate and agency debt se