DOWNERS GROVE, Ill., March 13,
2015 /PRNewswire/ -- Invesco PowerShares Capital
Management LLC, a leading global provider of exchange-traded funds
(ETFs) with more than $100 billion in
franchise assets, today announced changes to its product line.
As part of the firm's commitment to aligning its fund offerings
to meet an evolving investment landscape, Invesco PowerShares
announced it will change the underlying indexes and index providers
of ten ETFs. In addition, four ETFs will see a reduction in
management fees* and four ETFs will receive new product
tickers.
"Invesco PowerShares has always focused on providing investors
with the most effective and innovative ETF solutions to meet their
financial goals," said Dan Draper,
Invesco PowerShares Managing Director of Global ETFs. "As
such, we are constantly evaluating our offerings to ensure they are
best suited to help investors meet their investment objectives. The
changes we are implementing will put our investors in a better
position to meet their portfolio needs and long-term goals."
On March 12, 2015, the Board of
Trustees approved changes to the underlying indexes and providers,
pricing, investment policy and strategy changes for the ETFs
indicated in the table below. These changes are anticipated to go
into effect at the close of markets on May
22, 2015.
For additional information, shareholders of the ETFs which are
scheduled for changes may call Invesco PowerShares at
800-983-0903.
|
Current Fund
Name
|
Current Index
Name
|
Proposed
Index
|
Proposed Fund Name
(New Ticker)
|
Management Fee
Reduction*
|
|
PXLC -
PowerShares
Fundamental Pure
Large Core Portfolio
|
RAFI Fundamental
Large Core Index
|
Russell Top 200
Equal
Weight Index
|
PowerShares Russell
Top 200
Equal Weight Portfolio (EQWL)
|
0.29% to
0.25%
|
|
PXLV -
PowerShares
Fundamental Pure
Large Value Portfolio
|
RAFI Fundamental
Large Value Index
|
Russell Top 200
Pure
Value Index
|
PowerShares Russell
Top 200
Pure Value Portfolio (N/A)
|
N/A
|
|
PXLG -
PowerShares
Fundamental Pure
Large Growth Portfolio
|
RAFI Fundamental
Large Growth Index
|
Russell Top 200
Pure
Growth Index
|
PowerShares Russell
Top 200
Pure Growth Portfolio (N/A)
|
N/A
|
|
PXMC -
PowerShares
Fundamental Pure
Mid Core Portfolio
|
RAFI Fundamental
Mid
Core Index
|
Russell Midcap
Equal
Weight Index
|
PowerShares Russell
Midcap
Equal Weight Portfolio (EQWM)
|
0.29% to
0.25%
|
|
PXMG -
PowerShares
Fundamental Pure
Mid Growth Portfolio
|
RAFI Fundamental
Mid
Growth Index
|
Russell Midcap
Pure
Growth Index
|
PowerShares Russell
Midcap
Pure Growth Portfolio (N/A)
|
N/A
|
|
PXMV -
PowerShares
Fundamental Pure
Mid Value Portfolio
|
RAFI Fundamental
Mid
Value Index
|
Russell Midcap
Pure
Value Index
|
PowerShares Russell
Midcap
Pure Value Portfolio (N/A)
|
N/A
|
|
PXSC -
PowerShares
Fundamental Pure
Small Core Portfolio
|
RAFI Fundamental
Small Core Index
|
Russell 2000
Equal
Weight Index
|
PowerShares Russell
2000 Equal
Weight Portfolio (EQWS)
|
0.29% to
0.25%
|
|
PXSV -
PowerShares
Fundamental Pure
Small Value Portfolio
|
RAFI Fundamental
Small Value Index
|
Russell 2000 Pure
Value Index
|
PowerShares Russell
2000 Pure
Value Portfolio (N/A)
|
N/A
|
|
PXSG -
PowerShares
Fundamental Pure
Small Growth Portfolio
|
RAFI Fundamental
Small Growth Index
|
Russell 2000 Pure
Growth Index
|
PowerShares Russell
2000 Pure
Growth Portfolio (N/A)
|
N/A
|
|
NYCC - PowerShares
NYSE Century Portfolio
|
NYSE Century
IndexSM
|
Dow Jones U.S.
Contrarian
Opportunities Index
|
PowerShares
Contrarian
Opportunities Portfolio (CNTR)
|
0.50% to
0.35%
|
About Invesco PowerShares Capital Management LLC and Invesco,
Ltd.
Invesco PowerShares Capital Management LLC is leading the
Intelligent ETF Revolution® through its family of more
than 140 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 over $100 billion as of December 31, 2014 PowerShares ETFs trade on both
US stock exchanges. For more information, please visit us at
invescopowershares.com or follow us on Twitter @PowerShares.
Invesco Ltd. is a leading independent global investment
management firm, dedicated to helping investors worldwide achieve
their financial objectives. By delivering the combined power of our
distinctive investment management capabilities, Invesco provides a
wide range of investment strategies and vehicles to our clients
around the world. Operating in more than 20 countries, the firm is
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 risks similar to those of stocks, including those
regarding short selling and margin maintenance requirements.
Ordinary brokerage commissions apply. The Funds' return may
not match the return of the Underlying Index.
Investments focused in a particular industry are subject to
greater risk, and are more greatly impacted by market volatility,
than more diversified investments.
The Funds are considered non-diversified and may be subject to
greater risks than a diversified fund.
Note: Not all products are available through all firms.
Not FDIC Insured | May Lose Value | No Bank Guarantee
*Each Portfolio's management fee will be reduced. Please
see prospectus supplement for additional information.
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, 75,000, 100,000 or 200,000 shares.
Invesco Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Fund Trust PowerShares® is a registered trademark
of Invesco PowerShares Capital Management LLC (Invesco
PowerShares). Invesco PowerShares Capital Management LLC and
Invesco Distributors, Inc. are indirect, wholly owned subsidiaries
of Invesco Ltd.
An investor should consider the Funds' investment
objectives, risks, charges and expenses carefully before investing.
For this and more complete information about the Funds call 800 983
0903 or visit invescopowershares.com for a prospectus. Please read
the prospectus carefully before investing.
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SOURCE Invesco PowerShares Capital Management LLC