Press Release

Invesco PowerShares Lists Actively Managed U.S. Real Estate Fund on NYSE Arca

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Posted 20 November 2008 @ 03:16 pm ET

CHICAGO, IL -- (Marketwire) -- 11/20/08 -- Invesco PowerShares Capital Management LLC, aleading provider of exchange-traded funds (ETFs), announced the PowerSharesActive U.S. Real Estate Fund began trading today on the NYSE Arca under theticker symbol (NYSE: PSR).

"The PowerShares Active U.S. Real Estate Fund (PSR) provides investors aninnovative new way to access a portfolio of U.S Real Estate REITs throughthe investment management expertise of Invesco Real Estate," said BruceBond, president and CEO of Invesco PowerShares. "We are very proud to beoffering the industry's largest family of actively managed equity ETFs,which combine the benefits of active management with the benefit-rich ETFstructure."

The PowerShares Active U.S. Real Estate Fund (PSR) seeks to provide hightotal return by investing in publicly traded U.S. real estate companiesselected using a proprietary stock selection model developed by InvescoInstitutional (N.A.), Inc. (Invesco Institutional). The selectionmethodology seeks to outperform its benchmark, the FTSE NAREIT Equity REITsIndex, using quantitative and statistical metrics to identify attractivelypriced securities and manage risk. The fund will invest primarily in equityreal estate investment trusts (REITs). The Fund's portfolio holdings willbe disclosed daily on the Fund's website.

Joe V. Rodriguez, Jr., the lead manager overseeing the Fund's investmentmanagement team at Invesco Institutional, is the head of real estatesecurities for Invesco Real Estate, which is an investment managementaffiliate of Invesco Institutional. Mr. Rodriguez has 25 years of industryexperience. The Fund's expense ratio is anticipated to be 0.80%.*

*The expense ratio is expressed as unitary fees to cover expenses incurredin connection with managing the portfolio.

Invesco PowerShares is leading the intelligent ETF revolution through itsfamily of more than 100 domestic and international index-based and activelymanaged exchange-traded funds. With assets under management as of Sept. 30,2008, of approximately $12 billion, PowerShares ETFs trade on all of themajor U.S. stock exchanges that trade ETFs. For more information, pleasevisit us at www.invescopowershares.com.

Invesco PowerShares is a part of Invesco Ltd., a leading independent globalinvestment management company dedicated to helping people worldwide buildtheir financial security. By delivering the combined power of itsdistinctive worldwide investment management capabilities, including AIM,Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross,Invesco provides a comprehensive array of enduring investment solutions forretail, institutional and high-net-worth clients around the world.Operating in 20 countries, the company is currently listed on the New YorkStock Exchange under the symbol "IVZ." Additional information is availableat www.invesco.com.

Established in 1983, Invesco Real Estate manages investments in both directproperty and real estate securities in the United States and Europe. Thegroup focuses on top-down fundamentals combined with bottom-up local marketintelligence. Senior members of the management team have worked togetherfor more than 15 years, contributing to the consistent implementation ofInvesco's investment strategy and resulting performance.There are risks involved with investing in ETFs, including possible loss ofmoney. Unlike conventional ETFs, the Fund is not an index fund. Therefore,the Fund does not necessarily seek to replicate the performance of aspecified index. The Fund is subject to risk similar to stocks, includingthose related to short selling and margin maintenance. Ordinary brokeragecommissions apply.

Shares are not FDIC insured, may lose value and have no bank guarantee.

The Fund is subject to management risk because it is an actively managedportfolio. There can be no guarantee that the investment techniques andrisk analyses used by theSub-Adviser or portfolio managers will produce the desired results.

Actively managed ETFs have a limited trading history and, therefore, therecan be no assurance as to whether and/or the extent to which the shareswill trade at premiums or discounts to NAV, which is the market value of afund share.

Non-Diversified Fund Risk

The Fund is non-diversified, which increases the risk that the value of thefund's shares may vary more widely, and the fund may be subject to greaterinvestment and credit risk than if it invested more broadly.

Market Risk

The prices of and income generated by securities held by the Fund maydecline in response to certain events, including those directly involvingthe companies whose securities are owned by the Fund, general economic andmarket conditions, and currency and interest rate fluctuations.

Management Risk

The Fund is subject to management risk because it is an actively managedportfolio. In managing the Fund's portfolio securities, the Sub-Adviserswill apply investment techniques and risk analyses in making investmentdecisions for the Fund, but there can be no guarantee that these willproduce the desired results.

Risks of Investing In Real Estate

The risks associated with the real estate industry in general includefluctuations in the value of underlying properties; defaults by borrowersor tenants; market saturation; changes in general and local economicconditions; decreases in market rates for rents; increases in competition,property taxes, capital expenditures, or operating expenses; and othereconomic, political or regulatory occurrences affecting the real estateindustry. The REITs are subject to risks inherent in the direct ownershipof real estate. These risks include, but are not limited to, the risk of apossible lack of mortgage funds and associated interest rate risks,overbuilding, property vacancies, increases in property taxes and operatingexpenses, changes in zoning laws, losses due to environmental damages andchanges in neighborhood values and appeal to purchases. REITs are alsosubject to the risk that the real estate market may experience an economicdownturn generally, which may have a material effect on the real estate inwhich the REITs invest and their underlying portfolio securities.

Equity Risk

The Fund is subject to equity risk, which is the risk that the value of thesecurities held by the Fund will fall due to general market and economicconditions, perceptions regarding the industries in which the issuers ofsecurities held by the Fund participate or factors relating to specificcompanies in which the Fund invests.

Small and Medium-Capitalization Risk

Investing in securities of small and medium-capitalization companiesinvolves greater risk than is customarily associated with investing inlarger, more established companies.

Concentration Risk

Because the Fund concentrates its investments companies that areprincipally engaged in the real estate industry, the value of the Fund'sshares may rise and fall more than the value of shares of a fund thatinvests in a broader range of companies.

PowerShares® is a registered trademark of Invesco PowerShares CapitalManagement LLC. Invesco PowerShares Capital Management LLC, Invesco AimDistributors, Inc. and Invesco Institutional (N.A.), Inc. are indirect,wholly owned subsidiaries of Invesco Ltd.

The FTSE NAREIT Equity REITs Index is an unmanaged index consideredrepresentative of U.S. REITs.

Invesco Aim Distributors, Inc. is the distributor of the PowerSharesActively Managed Exchange-Traded Fund Trust.

Shares are not individually redeemable and owners of the shares may acquirethose shares from the Fund and tender those shares for redemption to theFund in Creation Unit aggregations only, typically consisting of 50,000shares.

An investor should consider the Fund's investment objective, risks, chargesand expenses carefully before investing. For a copy of the prospectus whichcontains this and other information about the Fund, call 800.983.0903.Please read the prospectus carefully before investing.

Media Contacts:Kristin SadlonPorter Novelli212-601-8192Email ContactBill ConboyBC Capital Partners303-415-2290Email Contact


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