CHICAGO, IL -- (Marketwire) -- 10/10/08 -- Invesco PowerShares Capital Management LLC, a
leading provider of exchange-traded funds (ETFs), announced today that the
PowerShares NextQ Portfolio (PNXQ) has changed its name to the PowerShares
NQX Portfolio. The PowerShares NQX Portfolio will continue to be offered on
the Nasdaq Stock Market under the existing ticker symbol (PNXQ). The
investment objectives and fee structure will remain unchanged.
Known as "the PNXQ" to many market participants, "this name change
highlights the ticker symbol identification and will allow for synergies in
positioning the fund as a complement to the PowerShares QQQ (ticker: QQQQ),
which is based on the Nasdaq-100 Index," said Bruce Bond, President and CEO
of Invesco PowerShares Capital Management LLC.
The PowerShares NASDAQ NextQ Portfolio (PNXQ), launched in April 2008 on
the Nasdaq Stock Market, is based on the NASDAQ Q-50 Index(SM). The Index
is designed to track the performance of the 50 securities that are next in
line to replace the securities currently included in the NASDAQ-100 Index®.
The index reflects companies across major, non-financial industry groups
including computer hardware and software, telecommunications,
retail/wholesale trade and biotechnology, and is adjusted quarterly.
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 $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. By delivering the combined power of its
distinctive worldwide investment management capabilities, including AIM,
Atlantic Trust, Invesco, Perpetual, PowerShares, Trimark, and WL Ross,
Invesco provides a comprehensive array of enduring investment solutions for
retail, institutional and high-net-worth clients around the world.
Operating in 20 countries, the company is currently listed on the New York
Stock Exchange under the symbol IVZ. Additional information is available at
www.invesco.com.
Important Risk Information
There are risks involved with investing in ETFs including possible loss of
money.
