Invesco PowerShares to List Global Progressive Transportation ETF
Tuesday, August 26, 2008 7:30 AM

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.


Next Page >>
More Options



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.


 
Rate :  Rate this Commentary  


 Number of Comments (0) Post Comment
 
  
Good Rating(+1)    Bad Rating(-1)
No Data Found

 
Enter Symbol
Enter Search String
Bookmark This Article
Email Article

Send this article by email


Recipient's Name
Recipient's E-mail
Your Name
Your E-mail
Related Quotes

 
  Home | Login |Research | Earnings | Scans | Chat Rooms | Charts | Submit Article | Join Blog Network | Contributors | Subscribe to RSS

copryright 2008 all rights reserved