Invesco PowerShares to List Global Biotech ETF on Nasdaq
Wednesday, September 03, 2008 7:30 AM

CHICAGO, IL -- (Marketwire) -- 09/03/08 -- Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), announced today the anticipated listing of the PowerShares Global Biotech Portfolio Sept. 18, 2008, on the Nasdaq Stock Market.

-- PBTQ - PowerShares Global Biotech Portfolio

"We believe the PowerShares Global Biotech Portfolio will provide investors transparent, tax-efficient access to the largest and most advanced biotechnology companies in the world using the benefit-rich ETF structure," said Bruce Bond, president and CEO of Invesco PowerShares. "PBTQ should be a great addition to our growing suite of global ETF portfolios."

The PowerShares Global Biotech Portfolio (PBTQ) is based on the NASDAQ OMX Global Biotech Index(SM). The Index is designed to measure the overall performance of globally traded securities of the largest and most liquid companies involved in the biotechnology industry. The Index is rebalanced quarterly using a modified market capitalization-weighting methodology.

Index Company Weightings as of 6/30/2008

PowerShares Global Biotech
Portfolio (PBTQ)
                            Index
Company                    Weight(%)
-------                    --------
Amgen Inc.                   8.00
Gilead Sciences Inc.         8.00
GenenTech                    8.00
Celgene Corp.                8.00
Genzyme Corp.                8.00
CSL Ltd.                     4.00
Biogen Idec Inc.             4.00
Actelion Ltd.                4.00
Vertex Pharmaceuticals Inc.  4.00
Cephalon Inc.                3.87

Source: The NASDAQ OMX Group, Inc., based on hypothetical Index information as of June 30, 2008. The Index was not yet operational as of June 30, 2008. Allocations represent the percentages that would have been utilized if the Index had been operational. Data is subject to change. Index values do not represent Fund values. Past performance is no guarantee of future results. An investor cannot invest directly in an index.

Invesco PowerShares currently offers 127 portfolios, one of the largest, most diverse families of ETFs available to U.S. investors today.

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. stock exchanges that trade ETFs. For more information, please visit us at www.invescopowershares.com.

Invesco PowerShares is a part of Invesco Ltd., a leading independent global investment management company dedicated to helping people worldwide build their financial security.


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