Invesco PowerShares Recognized With ETF Industry Awards
May 14 2009 - 9:30AM
Marketwired
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.
Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Email
Contact Bill Conboy 303-415-2290 Email Contact
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