CHICAGO, IL -- (Marketwire) -- 08/26/08 -- Invesco PowerShares Capital Management LLC, a
leading provider of exchange-traded funds (ETFs), announced the anticipated
listing of the PowerShares Global Progressive Transportation Portfolio on
Sept. 18, 2008, on the Nasdaq Stock Market.
-- PTRP - PowerShares Global Progressive Transportation Portfolio
"Global trade, urbanization and rising energy costs have created a growing
need for more efficient and sustainable ways to transport goods and
services," said Bruce Bond, president and CEO of Invesco PowerShares. "We
believe the PowerShares Global Progressive Transportation Portfolio (PTRP)
will provide investors a precise way to access the companies that focus on
this important sector with the inherent structural benefits of an ETF."
The World Business Council for Sustainable Development defines sustainable
transportation as the ability to meet the needs of society to move freely,
gain access, communicate, trade and establish relationships without
sacrificing other essential human or ecological values today or in the
future.
The PowerShares Global Progressive Transportation Portfolio (PTRP) is based
on the Wilder NASDAQ OMX® Global Energy Efficient Transport Index. The
index tracks the performance of a global group of companies focused on
technologies for utilization of greener, more efficient sources of energy
to initiate a societal transition toward cleaner, less costly and more
efficient means of transportation. The Index includes companies listed on
global stock exchanges involved in four core focus areas: alternative
vehicles; rail and subway systems; sea, land, air and intermodal; and
transport innovation. The Index is rebalanced quarterly using a modified
market capitalization-weighting methodology with consideration to trading
volume and float-adjusted market capitalization minimums.
Index Weightings as of June 30, 2008.
Country Index Weight (%)
United States 42.18
Italy 5.14
Chile 2.78
Canada 10.08
Japan 7.32
Taiwan 7.83
Germany 4.94
China 2.27
Mexico 2.67
Brazil 2.67
Greece 2.67
France 4.73
United Kingdom 2.36
Malaysia 2.36
Source: The NASDAQ OMX Group, Inc., based on hypothetical Index information
as of June 30, 2008.
Invesco PowerShares is leading the intelligent ETF revolution through its
family of more than 100 domestic and international index-based and actively
managed exchange-traded funds. With assets under management as of June 30,
2008, of approximately $13.95 billion, PowerShares ETFs trade on all of the
major U.S.