Invesco PowerShares Celebrates 10-Year Anniversary of PowerShares QQQ(TM)
Posted on March 10, 2009 at 09:00 AM EDT
CHICAGO, IL -- (Marketwire) -- 03/10/09 -- Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), today announces the 10-year anniversary of the PowerShares QQQ(TM) Portfolio (NASDAQ: QQQQ).
"Since trading began on March 10, 1999, the PowerShares QQQ(TM) has become one of the most actively traded securities in the world, fostering wide-scale acceptance of the ETF structure among institutions, traders and retail investors," said Bruce Bond, president and CEO of Invesco PowerShares. "Today we are proudly celebrating with the NASDAQ OMX Group the success of this landmark ETF."
PowerShares QQQ(TM) has maintained an average daily trading volume of over 92 million shares, making it the most traded equity security in the world since its inception.(1)
The PowerShares QQQ(TM), formerly known as "NASDAQ-100 Index Tracking Stock®," is based on the NASDAQ-100 Index®. The Index includes 100 of the largest domestic and international non-financial companies listed on The NASDAQ Stock Market based on market capitalization. The PowerShares QQQ(TM) represents companies across major industry groups such as information technology, healthcare, consumer discretionary and staples, industrials, materials and telecommunication services. The portfolio is rebalanced quarterly and reconstituted annually.
Effective March 21, 2007, The NASDAQ OMX Group, Inc. transferred sponsorship of QQQ to Invesco PowerShares Capital Management LLC, and the NASDAQ-100 Index Tracking Stock® was renamed PowerShares QQQ(TM). Today, PowerShares QQQ(TM) continues to track 100 of the largest, most innovative non-financial companies listed on The NASDAQ Stock Market.
PowerShares QQQ (NASDAQ: QQQQ) - Top 30 holdings as of 03/02/09 Portfolio Ticker Name Weighting Sector ---------------------------------------------------------------- AAPL Apple Inc. 11.25% Information Technology QCOM QUALCOMM Inc. 6.76% Information Technology MSFT Microsoft Corp. 4.99% Information Technology GOOG Google Inc. (Cl A) 4.92% Information Technology GILD Gilead Sciences Inc. 4.10% Health Care ORCL Oracle Corp. 3.37% Information Technology TEVA Teva Pharmaceutical Industries Ltd. (ADS) 3.21% Health Care CSCO Cisco Systems Inc. 3.09% Information Technology INTC Intel Corp. 2.47% Information Technology AMGN Amgen Inc. 2.44% Health Care RIMM Research In Motion Ltd. 2.15% Information Technology GENZ Genzyme Corp. 1.98% Health Care CELG Celgene Corp. 1.98% Health Care CMCSA Comcast Corp. (Cl A) 1.87% Consumer Discretionary AMZN Amazon.com Inc. 1.82% Consumer Discretionary DTV DIRECTV Group Inc. 1.53% Consumer Discretionary BIIB Biogen Idec Inc. 1.44% Health Care ADP Automatic Data Processing Inc. 1.22% Information Technology SYMC Symantec Corp. 1.22% Information Technology ATVI Activision Blizzard Inc. 1.21% Information Technology APOL Apollo Group Inc. (Cl A) 1.18% Consumer Discretionary ESRX Express Scripts Inc. 1.04% Health Care EBAY eBay Inc. 1.03% Information Technology PCAR Paccar Inc. 0.96% Industrials COST Costco Wholesale Corp. 0.96% Consumer Staples INTU Intuit Inc. 0.92% Information Technology SBUX Starbucks Corp. 0.92% Consumer Discretionary YHOO Yahoo! Inc. 0.87% Information Technology CA CA Inc. 0.87% Information Technology ADBE Adobe Systems Inc. 0.86% Information Technology
Please see website for complete holdings information. Holdings are subject to change.
Invesco PowerShares Capital Management LLC is leading the intelligent ETF revolution through its family of more than 130 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 assets under management of $9.15 billion as of Dec. 31, 2008, PowerShares ETFs trade on all three U.S. stock exchanges. For more information, please visit us at www.invescopowershares.com.
Invesco PowerShares is a wholly owned subsidiary 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.
(1) Source: Bloomberg, as of March 4, 2009
There are risks involved with investing in ETFs including possible loss of money. Shares are not actively managed and are subject to risk similar to stocks and covered call options, as well as those risks related to short selling and margin maintenance. Ordinary brokerage commissions apply.
Shares are not FDIC insured, may lose value and have no bank guarantee.
PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares Capital Management LLC and Invesco Aim Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.
NASDAQ®, NASDAQ-100®, NASDAQ-100 Index®, NASDAQ-100 Index Tracking Stock® and QQQ® are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the "Corporations") and are used under license to Invesco PowerShares Capital Management LLC. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the product(s).
ALPS Distributors, Inc. is the distributor for QQQ. Invesco PowerShares Capital Management LLC is not affiliated with ALPS Distributors, Inc.
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.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the QQQ, a unit investment trust, please contact your broker, call 800.983.0903 or visit www.invescopowershares.com. Please read the prospectus carefully before investing.
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