Invesco PowerShares Lists Industry's First Suite of U.S. Small-Cap Sector ETFs on NASDAQ
07 Abril 2010 - 11:22AM
Marketwired
Invesco PowerShares, a leading provider of exchange-traded funds
(ETFs), announced today the industry's first suite of ETFs offering
sector-specific beta exposure to U.S. small-cap equities began
trading on the NASDAQ Stock Market. The suite is comprised of nine
ETF portfolios; each constructed to track a subset of the S&P
SmallCap 600 Index. The ETF portfolio names and ticker symbols are
listed below.
Ticker Name of PowerShares Portfolio
XLYS PowerShares S&P SmallCap Consumer Discretionary Portfolio
XLPS PowerShares S&P SmallCap Consumer Staples Portfolio
XLES PowerShares S&P SmallCap Energy Portfolio
XLFS PowerShares S&P SmallCap Financials Portfolio
XLVS PowerShares S&P SmallCap Health Care Portfolio
XLIS PowerShares S&P SmallCap Industrials Portfolio
XLKS PowerShares S&P SmallCap Information Technology Portfolio
XLBS PowerShares S&P SmallCap Materials Portfolio
XLUS PowerShares S&P SmallCap Utilities Portfolio
"We take great pride in being a leading ETF innovator, and are
pleased to introduce a unique suite of small-cap sector portfolios
that offer investors access to a vibrant portion of the U.S. equity
universe," said Ben Fulton, Invesco PowerShares managing director
of global ETFs. "Over the long term, small-cap companies have
outperformed large caps with much of this outperformance occurring
during post-recessionary periods. We believe the PowerShares
S&P SmallCap Sector Portfolios provide investors a compelling
new way to implement sector-based strategies using the beneficial
ETF structure."
The nine PowerShares S&P SmallCap Sector Portfolios are
based upon respective S&P SmallCap 600 Capped Sector Indexes.
Each Fund will normally invest at least 90% of its total assets in
common stocks that comprise the underlying index. The indexes are
designed to measure the overall performance of common stocks of a
respective sector. The S&P SmallCap 600 Capped Sector Indexes
use a modified market-capitalization-weighted methodology and are
rebalanced quarterly on the third Friday of March, June, September
and December. Constituents are replaced on an as-needed basis.
Investing in securities of small-sized companies may involve
greater risk than is customarily associated with investing in large
companies.
The PowerShares S&P SmallCap Sector Portfolios are based
upon a subset of the constituents in the S&P SmallCap 600
Index, which is a float-adjusted, market-capitalization-weighted
index reflecting the U.S. small-cap equity universe. The
constituents in the underlying sector indexes have met the
qualifications for inclusion in the broader index to ensure that
they are investable and financially viable. In order to qualify for
inclusion, a stock must meet the following criteria at the time of
their addition to the S&P SmallCap 600 Index:
- Size: Must have a market capitalization between $250 million
and $1.2 billion
- Earnings: Must have four consecutive quarters of positive
earnings
- Liquidity: Must have annual trading volume of at least 100% of
its market cap
- Public Float: At least 50% of shares must be publicly
available
Invesco PowerShares Capital Management LLC is Leading the
Intelligent ETF Revolution® through its family of more than 110
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 $43 billion as of Dec.
31, 2009, PowerShares ETFs trade on both U.S. stock exchanges. For
more information, please visit us at
www.invescopowershares.com.
Invesco PowerShares is part of Invesco Ltd., a leading
independent global investment management firm dedicated to helping
people worldwide build their financial security. 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 firm is 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 risks similar to those of stocks. Ordinary brokerage
commissions apply.
Each Fund contains securities from its underlying
sector-specific index. Companies engaged in the consumer
discretionary, consumer staples, energy, financial services,
healthcare, industrials, information technology, basic materials,
utilities and telecommunication services sectors are subject to
greater risks, and are more greatly impacted by market volatility,
than more diversified investments.
The Funds are 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.
Standard & Poor's® and S&P® are registered trademarks of
Standard & Poor's Financial Services LLC ("S&P") and have
been licensed for use by Invesco PowerShares Capital Management
LLC. The Funds are not sponsored, endorsed, sold or promoted by
S&P or its affiliates, and S&P and its affiliates make no
representation, warranty or condition regarding the advisability of
buying, selling or holding units/shares in the Funds.
Invesco Aim Distributors, Inc. is the
distributor of the PowerShares Exchange-Traded Fund Trust
II.
PowerShares®
is a registered trademark of Invesco PowerShares
Capital Management LLC. Invesco PowerShares Capital Management LLC
and Invesco Aim Distributors, Inc. are indirect, wholly owned
subsidiaries of Invesco Ltd.
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.
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.
Not FDIC Insured | May Lose Value | No Bank Guarantee
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Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email
Contact Bill Conboy 303-415-2290 Email Contact
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