The Dawn of Active Equity ETFs
April 14 2008 - 9:00AM
PR Newswire (US)
AER Advisors, Inc., Investment Sub-Advisor for two PowerShares
Actively Managed Exchange-Traded Funds Enters the Market RYE BEACH,
N.H., April 14 /PRNewswire/ -- AER Advisors, Inc., a private
financial services firm focused on product development of actively
managed equity exchange-traded funds (ETFs), announced that two
actively managed equity "PowerShares Active Alpha ETFs" began
trading on Friday, April 11, 2008 on the NYSE Arca for which AER
Advisors is the Sub-Advisor. The ticker symbols and portfolio names
are as follows: -- PQY - PowerShares Active AlphaQ Fund -- PQZ -
PowerShares Active Alpha Multi-Cap Fund "AER Advisors is pleased to
be partnering with an industry leader, Invesco PowerShares as we
reach this long-awaited milestone in the ETF industry," said Carol
O'Leary, CEO and President, AER Advisors, Inc. "I believe Invesco
PowerShares has the ability to take the ETF revolution to an
entirely new level through its utilization of actively managed
equity ETFs," added O'Leary. The two PowerShares Active Alpha ETFs
are based on a flexible universe of approximately 3,000 U.S.
exchange listed stocks and seek to outperform traditional index
benchmarks. "AER's research methodology is 100% proprietary," said
David J. O'Leary, AER Advisors Chairman and Chief Investment
Officer. "We follow approximately 3,000 U.S. traded stocks
representing essentially all companies with over $400 million
market capitalization. This allows us to find unique growth
candidates, undervalued stocks relative to growth, and companies
that are not widely covered and owned by the investment community,"
added O'Leary. Mr. O'Leary, AER Advisors Chairman and Chief
Investment Officer has created behind AER Advisors' proprietary
stock selection methodology, the investment strategy incorporated
into the PowerShares Active Alpha ETFs. This methodology is largely
based on the relationship between stock prices and earnings over
time. The PowerShares Active AlphaQ Fund (NYSE:PQY) is an actively
managed (ETF) which seeks to provide long-term capital appreciation
by investing in a portfolio of approximately 50 securities listed
on the Nasdaq Global Market pursuant to the proprietary stock
screening methodology developed by AER Advisors, Inc. This
investment process seeks to achieve returns in excess of the NASDAQ
100(C) Index. The PowerShares Active Alpha Multi-Cap Fund
(NYSE:PQZ) is an actively managed ETF which seeks to provide
long-term capital appreciation by investing in a portfolio of
approximately 50 securities selected pursuant to the proprietary
stock screening methodology developed by AER Advisors, Inc. This
investment process seeks to achieve returns in excess of the
S&P 500(C) Index. About AER Advisors, Inc. AER Advisors Inc. is
a private financial services firm located in Rye Beach, N.H.
primarily focused on product development of actively managed
exchange-traded equity ETFs. The firm is sub-advisor to Invesco
PowerShares Capital Management LLC for two actively managed equity
ETFs traded on the NYSE Arca. About Invesco Powershares 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
http://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
http://www.invesco.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. Additionally, the PowerShares
Active AlphaQ Fund and PowerShares Active Multi-Cap Fund may be
subject to market risk, equity risk and small-
medium-capitalization 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. The two
Funds will be advised by Invesco PowerShares Capital Management LLC
and 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. DATASOURCE: AER Advisors, Inc. CONTACT:
Margaret M. Ponzer, AER Advisors, Inc., , +1-603-964-4499 O,
+1-603-205-6133 C Web site: http://www.invescopowershares.com/
http://www.invesco.com/
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