PowerShares hit a new benchmark recently with assets under management topping $10 billion, up from $8.5 billion at the end of 2006. -ed.
PowerShares Capital Management LLC announced today that assets under management (AUM) recently surpassed $10 billion, up from $8.5 billion at the end of 2006, and that the PowerShares DB Portfolios along with the PowerShares QQQ and BLDRS bring total franchise assets to approximately $29 billion U.S.
"We are very pleased to surpass this important milestone," said Bruce Bond, CEO of PowerShares Capital Management LLC. "PowerShares' growing family of over 70 portfolios represents the largest and most comprehensive US equity ETF lineup in the world. We believe that our intelligent and diverse suite of ETFs will continue to appeal to a wide range of investment professionals who recognize PowerShares as a powerful tool in achieving their financial goals."
PowerShares has partnered with Deutsche Bank on 11 commodity and currency focused ETFs. The PowerShares DB family of ETFs now boasts over $1.5 billion in assets under management. Additionally, in March 2007, PowerShares became the sponsor of the most traded equity security in the world, the PowerShares QQQ™ (NASDAQ: QQQQ), formerly known as the NASDAQ-100 Index Tracking Stock®, and the 4 BLDRS Index Funds Trust(SM) (NASDAQ: ADRE) (NASDAQ: ADRD) (NASDAQ: ADRU) (NASDAQ: ADRA) with combined assets of $17.25 billion.
PowerShares Capital Management LLC is passionate about its goal of efficiently delivering the highest quality institutional investment management services available. PowerShares is Leading the Intelligent ETF Revolution® by providing investment advisors a full suite of ETF and investment options, including institutional caliber asset management that seeks to replicate enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today, the exchange-traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares' asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions.
Risks of Owning Exchange-Traded Funds
Exchange-traded funds are made up of publicly traded securities that can and will move higher and lower with market movements. You should anticipate that the value of the shares of each fund will advance or decline more or less in correlation with the advance or decline in value of the applicable index. The Funds are not actively managed, and shares of the Funds may trade at or below the Funds' NAV. Exchange-traded funds are subject to risks similar to those of stocks, including risks associated with short-selling and margin account maintenance. Ordinary brokerage commissions apply.
A I M Distributors, Inc. is the distributor of the PowerShares family of funds.
ALPS Distributors, Inc. is the distributor of the PowerShares DB Funds, PowerShares QQQ and BLDRS Funds. PowerShares QQQ and BLDRS Funds are Unit Investment Trusts (UITs).
ALPS Distributors, Inc. is not affiliated with PowerShares or A I M Distributors.
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 or visit the website www.powershares.com for a prospectus. Please read the prospectus carefully before investing.
PowerShares® and Leading the Intelligent ETF Revolution® are registered marks of PowerShares Capital Management LLC. All other trademarks and service marks used herein are those of such third party and are used pursuant to separate license agreements.
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