CHICAGO, IL , announced that the industry's first three actively
managed equity ETFs and PowerShares' first actively managed
fixed-income ETF are scheduled to begin trading today on the NYSE
Arca.
The ticker symbols and portfolio names are as follows:
-- PLK - PowerShares Active Low Duration Fund
-- PMA - PowerShares Active Mega Cap Fund
-- PQY - PowerShares Active AlphaQ Fund
-- PQZ - PowerShares Active Alpha Multi-Cap Fund
"PowerShares is honored to participate in ushering in the
Actively Managed ETF revolution, the most significant industry
event since its inception 15 years ago," said Bruce Bond, president
and CEO of Invesco PowerShares. "We believe the advent of
actively-managed ETFs has the potential to change the way people
invest in the future, thus altering the investing landscape as we
know it today. The introduction of Active ETFs further amplifies
PowerShares' ongoing commitment to providing investment advisers
with innovative financial excellence."
Invesco PowerShares is a part of Invesco, Ltd. a leading
independent global investment management company.
"The introduction of active equity ETFs represents a milestone
for Invesco and for the investment management industry," said
Invesco President and CEO Martin L. Flanagan. "It enables us to
provide clients further access to our comprehensive, high-quality
investment management capabilities through the convenience of an
ETF."
PowerShares Active Low Duration Fund and PowerShares Active Mega
Cap Fund will be managed by Invesco. PowerShares Active AlphaQ Fund
and PowerShares Active Alpha Multi-Cap Fund will be subadvised by
AER Advisors, Inc.
PowerShares Active Low Duration Fund seeks to provide total
return by investing in a portfolio of U.S. government, corporate
and agency debt securities selected by Invesco World-Wide Fixed
Income. The Fund seeks to outperform its benchmark, Lehman Brothers
1-3 Year U.S. Treasury Index, by applying an actively managed,
top-down portfolio construction and bottom-up security selection
total return strategy. The Fund's effective duration is estimated
to be in the range of zero to three years. The Fund's portfolio
holdings will be disclosed daily on the Fund's website.
Brendan Gau and Scot Johnson, who have more than 25 years of
investment experience between them, will serve as portfolio
managers for the PowerShares Active Low Duration Portfolio. The
fund's unitary fee will be 0.29%.
PowerShares Active Mega Cap Fund seeks to provide long-term
growth of capital by investing primarily in the equity securities
of mega-capitalization companies according to a quantitative
approach developed by Invesco Quantitative Strategies. The
methodology seeks to outperform its benchmark, the Russell Top 200�
Index, by employing a systematic approach to portfolio management
that includes quantitative models based on fundamental and
technical evaluations and an optimization process that seeks to
effectively manage relative risk. The Fund's portfolio holdings
will be disclosed daily on the Fund's website.
Jeremy S. Lefkowitz is the lead manager of the portfolio
management team at Invesco Quantitative Strategies. Mr. Lefkowitz
has 40 years of investment experience. For more than 23 years,
Invesco Quantitative Strategies Group has managed equity strategies
using an active research-based stock selection process with careful
risk management in an attempt to provide clients with consistent
returns. Central to the investment process is a proprietary Stock
Selection Model designed to consistently capture alpha through the
systematic application of key financial indicators and behavioral
concepts. The Fund's unitary fee will be 0.75%.
PowerShares Active AlphaQ Fund seeks to provide long-term
capital appreciation by investing in a portfolio of approximately
50 securities listed on the Nasdaq Global Market, selected pursuant
to a proprietary stock screening methodology developed by AER
Advisors, Inc. AER's investment process seeks to achieve returns in
excess of the NASDAQ 100� Index by focusing on the stocks
identified through AER's proprietary stock screening methodology.
The Fund's portfolio holdings will be disclosed daily on the Fund's
website.
David J. O'Leary, who has more than 35 years of investment
industry experience, will serve as lead Portfolio Manager to the
fund. The Fund seeks to outperform traditional ETFs by using
proprietary research methods, and by measuring money flows and
fundamentals from current public data. The fund's unitary fee will
be 0.75%.
PowerShares Active Alpha Multi-Cap Fund seeks to provide
long-term capital appreciation by investing in a portfolio of
approximately 50 securities selected pursuant to a proprietary
stock screening methodology developed by AER Advisors, Inc. The
investment process seeks to achieve returns in excess of the
S&P 500� Index by focusing on the stocks identified through
AER's stock screening methodology. The Fund's portfolio holdings
will be disclosed daily on the Fund's website.
David J. O'Leary, who has more than 35 years of investment
industry experience, will serve as lead Portfolio Manager to the
fund. The Fund seeks to outperform traditional ETFs by using
proprietary research methods, and by measuring money flows and
fundamentals from current public data. The Fund's unitary fee will
be 0.75%.
Invesco PowerShares is leading the intelligent ETF revolution
through its family of more than 100 domestic, international and
active exchange-traded funds. With assets under management of
$12.75 billion, PowerShares ETFs trade on all of the major U.S.
stock exchanges that trade ETFs. For more information, please visit
us at www.invescopowershares.com.
Invesco PowerShares is a part of Invesco, Ltd. a leading
independent global investment management company, dedicated to
helping people worldwide build their financial security. By
delivering the combined power of its distinctive worldwide
investment management capabilities, including AIM, Atlantic Trust,
Invesco, Perpetual, PowerShares, Trimark, and WL Ross, 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 company is currently listed on the
New York Stock Exchange under the symbol IVZ. Additional
information is available at www.invesco.com.
AER Advisors is a private financial services firm located in Rye
Beach, N.H. The firm's primary focus is on product development of
actively managed ETFs. The PowerShares Active Alpha ETFs are based
on a flexible universe of over 3,000 U.S. exchange listed stocks
and seeks to outperform traditional index ETFs by using a
proprietary research methodology developed by AER Advisors, Inc.
For more information, please visit www.aeradvisors.com.
Risks of Owning Actively Managed Exchange-Traded Funds
There are risks involved with investing in the Funds. The Funds
are actively managed and because actively managed ETFs have a
limited trading history, there can be no assurance as to whether
and to what extent the Funds' shares will trade at premiums or
discounts to net asset value. Shares are not FDIC insured, may lose
value and have no bank guarantee. You may lose money investing in
the Funds.
The PowerShares Active Low Duration Fund may be subject to risks
associated with interest rate fluctuations, investments in high
yield below investment grade securities and mortgage- and
asset-backed securities. Please read the prospectus for more
information.
The PowerShares Active Mega Cap Fund and PowerShares Active Low
Duration Fund may be subject to risks associated with the use of
derivatives, engaging in leverage transactions and their status as
non-diversified portfolios. The value of derivatives may rise or
fall more rapidly than other investments. The use of leverage may
cause the Funds' portfolios to liquidate portfolio positions when
it may not be advantageous to do so to satisfy their
obligations.
Additionally, the PowerShares Active Mega Cap Fund, PowerShares
Active AlphaQ Fund and PowerShares Active Alpha Multi-Cap Fund may
be subject to market risk, equity risk and small- and
medium-capitalization company risk. Small- and mid-cap companies
tend to be more vulnerable to adverse developments and more
volatile than larger companies.
Shares are not individually redeemable and owners of the shares
may acquire those shares from the Fund and tender those shares for
redemption to the Fund in Creation Units only, typically consisting
of aggregations of 50,000 shares.
All four funds will be advised by Invesco PowerShares Capital
Management LLC. PowerShares Active Low Duration Fund and
PowerShares Active Mega Cap Fund will be managed by the Invesco
World-Wide Fixed Income and Invesco Quantitative Strategies teams,
respectively, both of which are groups within Invesco Institutional
(N.A.), Inc., sub-adviser to the funds. PowerShares Active AlphaQ
Fund and PowerShares Active Alpha Multi-Cap Fund will be
sub-advised by AER Advisors, Inc.
Invesco Aim Distributors, Inc. is the distributor of the
PowerShares Actively Managed Exchange-Traded Fund Trust.
An investor should consider each Fund's investment objective,
risks, charges and expenses carefully before investing. The
prospectus contains this and other information about the Funds. For
more complete information about the Funds or to obtain a
prospectus, call 800.983.0903. Please read the prospectus carefully
before investing.
Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email
Contact Bill Conboy BC Capital Partners 303-415-2290 Email
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