-- PowerShares FTSE RAFI® Asia Pacific ex-Japan Small-Mid Portfolio --
PDQ
-- PowerShares FTSE RAFI® Development Markets ex-U.S. Small-Mid
Portfolio -- PDN
-- PowerShares FTSE RAFI® Emerging Markets Portfolio -- PXH
-- PowerShares FTSE RAFI® Europe Small-Mid Portfolio -- PWD
-- PowerShares International Listed Private Equity -- PFP
"I am thrilled to announce this great milestone in our global expansion,"
said Bruce Bond, president of PowerShares Capital Management. "PowerShares
continues to add value and intelligence to exchange-traded funds by
providing investors with cutting-edge ways to access new and exciting
corners of financial markets around the world."
"Our International Listed Private Equity portfolio will give U.S.-based
investors unique access to a diversified group of companies whose primary
business is private equity investments -- an important and increasingly
sought-after asset class," continued Mr. Bond. "Our four additional FTSE
RAFI® portfolios will provide fundamental weighted exposure to global
markets. PowerShares is committed to providing investors with the broadest
and most diversified family of intelligent ETFs available today."
PowerShares' Global series of FTSE™ RAFI® Portfolios are based on
FTSE™ RAFI® global indexes, uniquely constructed using four
fundamental measures of a firm's size: book value, cash flow, sales and
dividends. The equities with the highest fundamental strength are then
weighted according to their fundamental scores. PowerShares' Fundamentals
Weighted™ portfolio is rebalanced and reconstituted annually.
Rob Arnott, Chairman of Research Affiliates®, LLC commented on the
FTSE™ RAFI® fundamental index strategy: "Our research has found that
indexes weighted by company fundamentals, on average, have outperformed the
well-known cap-weighted indexes in the US by an average 200 basis points
per year. In international applications, this benefit surpasses 300 basis
points, on average."
Product information on the five new funds PowerShares intends to list in
September follows:
-- The PowerShares FTSE™ RAFI® Asia Pacific Ex-Japan Small-Mid
Portfolio is based on the FTSE™ RAFI® Developed Asia Pacific ex-Japan
Mid Small Index. The Index is designed to track the performance of small-
and mid-cap equities of companies domiciled in the Asia Pacific region,
excluding Japan.
-- The PowerShares FTSE™ RAFI® Developed Markets ex-U.S. Small-Mid
Portfolio is based on the FTSE™ RAFI® Developed Markets ex-U.S. Mid-
Small 1500 Index. The Index is designed to track the performance of small-
and mid-cap equities of companies domiciled in developed international
markets, excluding the U.S.
-- The PowerShares FTSE™ RAFI® Emerging Markets Portfolio is based
on the FTSE™ RAFI® Emerging Index. The Index is designed to track the
performance of the largest Emerging Market equities.
-- The PowerShares FTSE™ RAFI® Europe Small-Mid Portfolio is based
on the FTSE™ RAFI® Developed Europe Mid Small Index. The Index is
designed to track the performance of small-cap European equities.
-- The PowerShares International Listed Private Equity Portfolio seeks to
replicate the Red Rocks International Listed Private Equity Index, which
includes a diversified mix of more than 30 internationally listed companies
with direct investments in more than 1,000 private global businesses.
Constituents for the Index are selected based upon reputation, valuation,
management, financial data, historical performance and the need for
diversification within the Index, which is rebalanced quarterly.
The launch of these five funds in September will also mark the listing of
PowerShares' 100th portfolio.
PowerShares Capital Management LLC is leading the intelligent ETF
revolution® through its family of more than 90 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 nearly
$35 billion, PowerShares ETFs trade on all three U.S. stock exchanges and
the PowerShares QQQ™, which tracks 100 of the NASDAQ's fastest-growing
companies, is the most actively traded equity security in the world. For
more information, please visit us at www.powershares.com.
PowerShares is a part of INVESCO PLC, a leading independent global
investment manager dedicated to helping people worldwide build their
financial security. Operating under the AIM, AIM Trimark, Atlantic Trust,
Invesco Perpetual, PowerShares and WL Ross & Co. brands, INVESCO PLC
strives to deliver outstanding products and services through a
comprehensive array of enduring investment solutions for its retail,
institutional and private wealth management clients around the world. The
company, which had approximately $499 billion in assets under management as
of July 31, 2007, is listed on the London, New York and Toronto stock
exchanges with the symbol "IVZ." Additional information is available at
www.invesco.com.
Risk Information
There are risks involved with investing in ETFs including the possible loss
of money. Shares are not actively managed and are subject to risks similar
to stocks, including those related to short selling and margin maintenance.
Shares are not FDIC insured, may lose value and have no bank guarantee.
Ordinary brokerage commissions apply.
The Funds may invest in small and/or medium-sized companies. Investing in
securities of small and medium-sized companies involves greater risk than
is customarily associated with investing in more established, larger-sized
companies. An investment in the securities of non-U.S. issuers involves
risks beyond those associated with investments in U.S. securities,
including, but not limited to: greater market volatility, the availability
of less reliable financial information, higher transactional and custody
costs, taxation by foreign governments, decreased market liquidity,
political instability, negative impact of changes in currency exchange
rates or foreign governmental regulation.
The Indexes are compiled and calculated by FTSE in conjunction with RA.
However, neither FTSE nor Exchange nor FT nor RA shall be liable (whether
in negligence or otherwise) to any person for any error in the Indexes and
neither FTSE nor the Exchange nor FT nor RA shall be under any obligation
to advise any person of any error therein. "FTSE" is a trademark of the
London Stock Exchange Plc and The Financial Times Limited and is used by
FTSE International Limited under licence. "Research Affiliates,"
"Fundamental Index," "RAFI" and "Fundamentals Weighted" are trademarks of
Research Affiliates.
The PowerShares International Listed Private Equity Fund invests in
securities of non-U.S. issuers. This involves risks beyond those associated
with investments in U.S. securities, including, but not limited to: greater
market volatility, the availability of less reliable financial information,
higher transactional and custody costs, taxation by foreign governments,
decreased market liquidity, political instability, negative impact of
changes in currency exchange rates or foreign governmental regulation.
The value of the stocks in the Red Rocks Listed Private Equity Index and
the Red Rocks International Listed Private Equity Index is likely to be
more volatile than stocks of other issues. An investor in the fund should
anticipate that the value of their shares will increase or decrease in
value more or less in correlation with increases or decreases in value of
the Indexes.
PowerShares is a trademark of PowerShares Capital Management LLC. The
products are not sponsored, endorsed, sold or promoted by Red Rocks
Capital, and Red Rocks makes no representation regarding the advisability
of investing in these funds.
A I M Distributors, Inc. is the distributor of the PowerShares Global
Exchange-Traded Fund Trust.
An investor should consider the Fund's investment objectives, risks,
charges and expenses carefully before investing. For this and more complete
information about the Fund, call 800.983.0903. Please read the prospectus
carefully before investing.
The information in this prospectus is not complete and may be changed. The
portfolio may not sell its shares until the registration statement filed
with the Securities and Exchange Commission is effective. The prospectus is
not an offer to sell the portfolio shares, nor is the portfolio soliciting
an offer to buy its shares in any jurisdiction where the offer or sale is
not permitted.
PowerShares® and Leading the Intelligent ETF Revolution® are registered
marks of PowerShares Capital Management LLC.
Contact Information: Media Contacts: Kristin Sadlon Porter Novelli 212-601-8192 Bill Conboy 303-415-2290