Invesco PowerShares Announces Index and Name Changes for Five ETF Portfolios (PTO, PAO, PCA, PIV, PYH)
Invesco PowerShares, a leading provider of exchange-traded funds (ETFs), announced today that five existing portfolios will undergo index and name changes effective June 30, 2010. The following five ETF portfolios are affected by this change. The corresponding ticker symbols will remain the same.
- PowerShares Autonomic Growth NFA Global Asset (PTO)
- PowerShares Autonomic Balanced Growth NFA Global Asset (PAO)
- PowerShares Autonomic Balanced NFA Global Asset (PCA)
- PowerShares Value Line Timeliness Select (PIV)
- PowerShares Value Line Industry Rotation (PYH)
“As an innovative leader in the ETF industry, we are continually looking for ways to improve our product lineup,” said Ben Fulton, Invesco PowerShares managing director of global ETFs. ”We believe the new indexes will better align the portfolios with the changing investment landscape, provide investors with the potential for improved risk-adjusted returns, and position our family of ETFs for continued growth.”
The new portfolio names and indexes for the five ETFs are listed below.
|Former Portfolio Name||New Portfolio Name||Former Index||New Index|
|PowerShares Autonomic Growth NFA Global Asset Portfolio||PowerShares Ibbotson Alternative Completion Portfolio||New Frontier Global Dynamic Growth Index||Ibbotson Alternative Completion Index™|
|PowerShares Autonomic Balanced Growth NFA Global Asset Portfolio||PowerShares RiverFront Tactical Balanced Growth Portfolio||New Frontier Global Dynamic Balanced Growth Index||RiverFront Global Tactical Balanced Growth Index™|
|PowerShares Autonomic Balanced NFA Global Asset Portfolio||PowerShares RiverFront Tactical Growth & Income Portfolio||New Frontier Global Dynamic Balanced Index||RiverFront Global Tactical Balanced Growth & Income Index™|
|PowerShares Value Line Timeliness Select Portfolio||PowerShares S&P 500 High Quality Portfolio||Value Line Timeliness Select Index||S&P 500® High Quality Rankings Index|
|PowerShares Value Line Industry Rotation Portfolio||PowerShares Morningstar StockInvestor Core Portfolio||Value Line Industry Rotation Index||Morningstar StockInvestor Core Index|
Invesco PowerShares Capital Management LLC is Leading the Intelligent ETF Revolution® through its family of more than 120 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 $47 billion as of March 31, 2010, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at http://www.invescopowershares.com/.
Invesco PowerShares is part of Invesco Ltd., a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at http://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. For a description of the risks of investing in the Funds, please see the Funds’ prospectuses. Ordinary brokerage commissions apply.
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PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares Capital Management LLC and Invesco 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 Funds and tender those Shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000 Shares.
Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust and the PowerShares Exchange-Traded Fund Trust II.
An investor should consider the Funds’ investment objectives, risks, charges and expenses. 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.