From the Wires
PowerShares to Launch Three ETFs, Including the Industry's First Listed Private Equity ETF at the Amex October 24, 2006
PowerShares to Launch Three ETFs, Including the Industry's First Listed Private Equity ETF at the Amex October 24, 2006
Oct. 18, 2006 10:50 PM
CHICAGO, IL -- (MARKET WIRE) -- 10/18/06 -- PowerShares Capital Management LLC continues to
"Lead the Intelligent ETF Revolution," announcing today the expected launch
of three new exchange-traded funds (ETFs) on the American Stock Exchange
(Amex) Tuesday, October 24, 2006. The ETF names and anticipated ticker
symbols are listed below:
PSP -- PowerShares Listed Private Equity Portfolio
PUW -- PowerShares WilderHill Progressive Energy Portfolio
PZD -- PowerShares Cleantech(TM) Portfolio
"The Listed Private Equity Portfolio represents the first time individual
investors, as well as institutions, will have access to private equity
investing utilizing the efficient ETF structure," said Bruce Bond,
President of PowerShares Capital Management. "Along with the socially
responsible WilderHill Progressive Energy and Cleantech(TM) Portfolios, I
believe PowerShares has created three compelling ETFs for investors who
seek intelligent targeted exposure to unique market segments."
PowerShares Capital Management LLC is passionate about its goal of
efficiently delivering the highest quality institutional investment
management services available. PowerShares is "Leading the Intelligent ETF
Revolution," providing investment advisors with institutional caliber asset
management that seeks to replicate enhanced indexes in one of the more
benefit rich investment vehicles available in the marketplace today, the
exchange-traded fund. The firm is committed to theoretically sound
portfolio construction and empirically verifiable investment management
approaches. PowerShares' asset management philosophy and investment
discipline are deeply rooted in the application of intuitive factor
analysis and model implementation to enhance investment decisions.
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
www.powershares.com for a prospectus. Please read the prospectus carefully
before investing.
The information in this prospectus is not complete and may be changed. The
portfolio may not sell its shares until the registration statement filed
with the Securities and Exchange Commission is effective. The prospectus is
not an offer to sell the portfolio shares, nor is the portfolio soliciting
an offer to buy its shares in any jurisdiction where the offer or sale is
not permitted.
Contact:
CTA Integrated Communications
Bill Conboy
303-665-4200 x 106
Email Contact
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