CHICAGO, IL -- (Marketwire) -- 09/15/08 -- Invesco PowerShares Capital Management LLC, a
leading provider of exchange-traded funds (ETFs), announced today the
listing of the PowerShares Global Progressive Transportation Portfolio. The
new portfolio will begin trading on Sept. 18, 2008, on the Nasdaq Stock
Market.
-- PTRP - PowerShares Global Progressive Transportation Portfolio
"Improving the efficiency of moving people and goods worldwide through
reduced fuel consumption and shortened transit times are just a few of the
important issues progressive transportation companies are working to
address," said Bruce Bond, president and CEO of Invesco PowerShares. "We
believe the PowerShares Progressive Transportation ETF seeks to provide
investors a convenient way to invest in a global portfolio of companies
focused on sustainable transportation through the benefit-rich ETF
structure."
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(SM). 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.
Index
Weight
Country (%)
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.