American Stock Exchange Launches Three New ETFs From PowerShares
24 Outubro 2006 - 12:19PM
PR Newswire (US)
NEW YORK, Oct. 24 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today announced that it has launched trading in three new
exchange traded funds (ETFs) from PowerShares Capital Management
LLC (PowerShares). The ETFs are based on equity indexes and are all
sector portfolios. "We are very excited to welcome PowerShares back
to the Amex for three new ETF listings," said Cliff Weber, Senior
Vice President of the Amex ETF Marketplace. "The Amex takes great
pride in supporting PowerShares' 50 ETF listings on the Exchange as
we continue to bring innovative products to the marketplace." "We
are very pleased to be working with the Amex to expand the
PowerShares family of ETFs," said Bruce Bond, President of
PowerShares. "Providing investors with direct, diversified and
liquid access to the world of private equity is consistent with
PowerShares' goals as an asset manager. The LSTPE Index is both
unique and innovative, and it is a great fit for our growing
portfolio of exchange-traded funds." PowerShares Cleantech
Portfolio (PZD) PZD seeks investment results that correspond
generally to the price and yield (before fees and expenses) of the
Cleantech(TM) Index (CTIUS). CTIUS is an equally weighted index
currently comprised of 75 publicly traded companies engaged in the
production of any knowledge-based product or service that improves
operation, performance, productivity or efficiency, while reducing
costs, inputs, energy consumption, waste or pollution. Cleantech
companies produce knowledge-based products or services in a variety
of areas, including agriculture and nutrition, air quality,
enabling technologies, environmental technologies, material and
nano-technology, materials recovery and recycling, transportation
and logistics, and water purification and management. Stocks will
be selected by Cleantech Capital Indices LLC. PowerShares Listed
Private Equity Portfolio (PSP) PSP seeks investment results that
correspond generally to the price and yield (before fees and
expenses) of the Red Rocks Listed Private Equity Index (LSTPE).
LSTPE is comprised of stocks of securities and American depositary
receipts of publicly listed private equity companies, including
business development companies and other financial institutions or
vehicles whose principal business is to invest in and lend capital
to privately-held companies. Stocks in the LSTPE will be selected
by Red Rocks Capital Partners LLC. PowerShares WilderHill
Progressive Energy Portfolio (PUW) PUW seeks investment results
that correspond generally to the price and yield (before fees and
expenses) of the WilderHill Progressive Energy Index (WHPRO). WHPRO
is a modified equal-weighted index composed of companies engaged in
businesses which are believed to stand to benefit from a societal
shift toward the transitional energy technologies significant in
improving the use of fossil fuels and nuclear power. Companies in
WHPRO will be selected by Progressive Energy Index, LLC. Goldman
Sachs Execution & Clearing, LP is the specialist for PSP.
LaBranche Structured Products, LLC is the specialist for PZD and
PUW. Options will also be traded on the three ETFs. The specialist
for PZD and PUW options is LaBranche Structured Products, LLC. The
specialist for PSP options is Susquehanna Investment Group. About
the American Stock Exchange The American Stock Exchange (Amex)
offers trading across a full range of equities, options and
exchange traded funds (ETFs), including structured products and
HOLDRS. In addition to its role as a national equities market, the
Amex is the pioneer of the ETF, responsible for bringing the first
domestic product to market in 1993. Leading the industry in ETF
listings, the Amex lists 196 ETFs to date. The Amex is also one of
the largest options exchanges in the U.S., trading options on
broad-based and sector indexes as well as domestic and foreign
stocks. For more information, please visit http://www.amex.com/.
Risks of Owning PowerShares PowerShares Funds are made up of
publicly traded securities that can and will move higher and lower
with market movements. You should anticipate that the value of the
shares of each Fund will advance or decline more or less in
correlation with the advance or decline in value of the applicable
index. The Funds are not actively managed, and shares of the Funds
may trade at or below the Funds' NAV. Exchange-traded funds are
subject to risks similar to those of stocks, including risks
associated with short-selling and margin account maintenance. A I M
Distributors, Inc. is the distributor of the PowerShares Exchange-
Traded Fund Trust. An investor should consider the Fund's
investment objectives, risks, charges and expenses carefully before
investing. For this and more complete information about the Fund,
call 800.983.0903 or visit the website http://www.powershares.com/
for a prospectus. Please read the prospectus carefully before
investing. DATASOURCE: American Stock Exchange CONTACT: Melanie
Jacobus, American Stock Exchange, +1-212-306-1640, Web site:
http://www.amex.com/ http://www.powershares.com/
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