May 14, 2009 at 09:30 AM EDT
Invesco PowerShares Recognized With ETF Industry Awards
CHICAGO, IL -- (Marketwire) -- 05/14/09 -- Invesco PowerShares, a leading provider of exchange-traded funds (ETFs) was recognized for launching the "Most Innovative ETF Product" in 2008 and for its ongoing "Contribution to the ETF Sector" at two ETF industry conferences held recently in New York City.
Invesco PowerShares received the 2008 award for "Most Innovative ETF Product" for the Americas at the 5th Annual Global ETF Awards®. Invesco PowerShares introduced the industry's first actively managed equity ETFs in April 2008, listing the PowerShares Active Mega Cap Fund (PMA), PowerShares Active AlphaQ Fund (PQY), and PowerShares Active Multi-Cap Fund (PQZ). As part of the same listing, Invesco PowerShares also launched the PowerShares Active Low Duration Fund (PLK), and in November 2008, the company listed the first actively managed U.S. Real Estate ETF -- PowerShares Active U.S. Real Estate Fund (PSR).
Actively managed ETFs combine the goals associated with active management (reduced volatility, managed risk and benchmark outperformance) with the traditional benefits of ETFs, such as tax efficiency and transparency.
"It is truly an honor to be recognized by our peers as a leading innovator in the ETF Industry," said Bruce Bond, president and CEO of Invesco PowerShares. "We believe our diverse suite of ETF portfolios is at the forefront of the industry delivering value and market-leading ideas to investors."
Separately, Edward McRedmond, senior vice president of portfolio strategies at Invesco PowerShares, was presented with the 2008 award for his "Contribution to the ETF Sector" at the 8th Annual Closed-End Fund & ETF Awards Capital Link Forum. This marks the second consecutive year Mr. McRedmond has received the award and the fifth consecutive year for Invesco PowerShares.
"It's been my privilege to work and interact with so many wonderful and talented people in the ETF industry over the years," said McRedmond. "On behalf of Invesco PowerShares, I am deeply honored to be receiving the award for Contribution to the ETF Sector."
The Global ETF Awards and Workshop is hosted by exchangetradedfunds.com. Its purpose is to recognize those who have contributed to the development of the ETF industry worldwide and to allow ETF participants from the international community to discuss their respective markets. The Global ETF Awards winners were selected from voting forms sent to ETF industry entities worldwide and tabulation of statistical ranking information. The Global ETF Awards took place on Thursday, April 30, 2009, in New York City.
The Annual Closed End Fund & ETF Awards, an initiative of Capital Link, aims to identify and recognize annually those fund sponsors and executives who consistently apply high standards of financial disclosure, investor and shareholder relations and innovation. The CEF & ETF Awards are based on nominations by a committee of analysts and industry specialists who actively follow CEFs and ETFs. The Awards were presented on Wednesday, April 29, 2009, in New York City.
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 franchise assets of $25.8 billion as of March 31, 2009, PowerShares ETFs trade on both 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.
There are risks involved with investing in ETFs, including possible loss of money. Index-based ETFs are not actively managed. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Both index-based and actively managed ETFs are subject to risk similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply.
Invesco PowerShares does not offer tax advice. Please consult your own tax advisor for information regarding your own tax situation.
Shares are not FDIC insured, may lose value and have no bank guarantee.
© 2009 Invesco PowerShares Capital Management LLC
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.
Invesco Aim Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust, the PowerShares Exchange-Traded Fund Trust II, the PowerShares India Exchange-Traded Fund Trust and the PowerShares Actively Managed Exchange-Traded Fund Trust.
An investor should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. For a copy of the prospectus which contains this and other information about the Funds, call 800.983.0903 or visit www.invescopowershares.com. Please read the prospectus carefully before investing.
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.
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