Invesco PowerShares Capital Management LLC, a leading provider of
exchange-traded funds (ETFs), announced today that the PowerShares
NextQ Portfolio (PNXQ) has changed its name to the PowerShares NQX
Portfolio. The PowerShares NQX Portfolio will continue to be
offered on the Nasdaq Stock Market under the existing ticker symbol
(PNXQ). The investment objectives and fee structure will remain
unchanged.
Known as "the PNXQ" to many market participants, "this name
change highlights the ticker symbol identification and will allow
for synergies in positioning the fund as a complement to the
PowerShares QQQ (ticker: QQQQ), which is based on the Nasdaq-100
Index," said Bruce Bond, President and CEO of Invesco PowerShares
Capital Management LLC.
The PowerShares NASDAQ NextQ Portfolio (PNXQ), launched in April
2008 on the Nasdaq Stock Market, is based on the NASDAQ Q-50
Index(SM). The Index is designed to track the performance of the 50
securities that are next in line to replace the securities
currently included in the NASDAQ-100 Index�. The index reflects
companies across major, non-financial industry groups including
computer hardware and software, telecommunications,
retail/wholesale trade and biotechnology, and is adjusted
quarterly.
Invesco PowerShares is leading the intelligent ETF revolution
through its family of more than 100 domestic and international
index-based and actively managed exchange-traded funds. With assets
under management as of June 30, 2008, of $13.95 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.
Important Risk Information
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, including those related to short
selling and margin maintenance. Ordinary brokerage commissions
apply.
Shares are subject to risks including: Small and Medium-Sized
Company Risk - Investing in securities of small and medium-sized
companies involves greater risk than is customarily associated with
investing in more established companies.
The Fund's potential investment in non-U.S. issuers, although
limited to ADRs, may involve unique risks compared to investing in
securities of U.S. issuers. Additionally, the Fund's potential
investment in securities of real estate companies involves risks.
Please see the prospectus for more complete risk information.
Shares are not FDIC insured, may lose value and have no bank
guarantee.
The PowerShares NASDAQ NextQ Portfolio is not sponsored,
endorsed, sold or promoted by The Nasdaq Stock Market, Inc. or its
affiliates (Nasdaq, with its affiliates, are referred to as the
"Corporations"). The Corporations have not passed on the legality
or suitability of, or the accuracy or adequacy of, descriptions and
disclosures relating to the PowerShares NASDAQ NextQ Portfolio. The
Corporations make no representation or warranty, express or
implied, to the owners of the PowerShares NASDAQ NextQ Portfolio or
any member of the public regarding the advisability of investing in
securities generally or in the PowerShares NASDAQ NextQ Portfolio
particularly, or the ability of the NASDAQ Q-50 Index(SM) to track
general stock market performance. The Corporations' only
relationship to the Adviser is in the licensing of the NASDAQ� and
NASDAQ Q-50 Index(SM) trade/service marks and certain trade names
of the Corporations, and the use of the NASDAQ Q-50 Index(SM),
which is determined, composed and calculated by Nasdaq without
regard to the Adviser or the PowerShares NASDAQ NextQ
Portfolio.
The sponsor of the Nasdaq-100 Trust(SM), a unit investment
trust, is Invesco PowerShares Capital Management LLC ("Invesco
PowerShares"). NASDAQ, NASDAQ-100 Index, NASDAQ-100 Index Tracking
Stock and QQQ are trade/service marks of The Nasdaq Stock Market,
Inc. and have been licensed for use by Invesco PowerShares Capital
Management LLC, QQQ's sponsor. NASDAQ makes no representation
regarding the advisability of investing in QQQ and makes no
warranty and bears no liability with respect to QQQ, the NASDAQ-100
Index, its use or any data included therein.
Invesco Aim Distributors, Inc. is the distributor of the
PowerShares Exchange-Traded Fund Trust. ALPS Distributors, Inc. is
distributor for QQQ. The PowerShares QQQ is a Unit Investment Trust
(UIT)
Invesco PowerShares Capital Management LLC is not affiliated
with ALPS Distributors, Inc.
Invesco PowerShares Capital Management LLC and Invesco Aim
Distributors, Inc. are indirect, wholly owned subsidiaries of
Invesco Ltd.
Shares are not FDIC insured, may lose value and have no bank
guarantee. Shares may be sold throughout the day on the exchange
through any brokerage account. Shares may only be redeemed directly
from the Portfolio by Authorized Participants in large blocks
typically consisting of 100,000 Shares.
An investor should consider the Funds' investment objective,
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. 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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