CHICAGO, IL -- (Marketwire) -- 09/17/08 -- Invesco PowerShares Capital Management LLC, a
leading provider of exchange-traded funds (ETFs), announced four new equity
ETFs designed to provide access to companies involved in the agriculture,
coal, gold and precious metals, and steel sectors will begin trading Sept.
18, 2008, on the Nasdaq Stock Market.
-- PAGG - PowerShares Global Agriculture Portfolio
-- PKOL - PowerShares Global Coal Portfolio
-- PSAU - PowerShares Global Gold and Precious Metals Portfolio
-- PSTL - PowerShares Global Steel Portfolio
"While commodity markets have seen a significant rise in price volatility
recently, many economists believe worldwide demand for basic materials will
continue to grow in the future," said Bruce Bond, president and CEO of
Invesco PowerShares Capital Management LLC. "The PowerShares global
commodity producer ETF portfolios may provide investors transparent,
tax-efficient access to companies focused on key commodity markets."
The PowerShares Global Agriculture Portfolio (PAGG) is based on the NASDAQ
OMX Global Agriculture Index(SM). The Index is designed to measure the
overall performance of globally traded securities of the largest and most
liquid companies involved in agriculture and farming-related activities.
The Index is rebalanced quarterly using a modified market
capitalization-weighting methodology.
The PowerShares Global Coal Portfolio (PKOL) is based on the NASDAQ OMX
Global Coal 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 exploration for and mining of coal, and other
related activities in the coal industry. The Index is rebalanced quarterly
using a modified market capitalization-weighting methodology.
The PowerShares Global Gold and Precious Metals Portfolio (PSAU) is based
on the NASDAQ OMX Global Gold and Precious Metals Index(SM). The Index is
designed to measure the overall performance of globally traded securities
of the largest and most liquid companies involved in mining-related
activities for gold and other precious metals. The Index is rebalanced
quarterly using a modified market capitalization-weighting methodology.
The PowerShares Global Steel Portfolio (PSTL) is based on the NASDAQ OMX
Global Steel 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 manufacturing and storage of iron and steel
products. The Index is rebalanced quarterly using a modified market
capitalization-weighting methodology.
PowerShares Global Agriculture PowerShares Global Gold and Precious
Portfolio (PAGG) as of 6/30/08 Metals Portfolio (PSAU) as of 6/30/08
Index Index
Company Weight (%) Company Weight (%)
Potash Corp. of Saskatchewan 8.00 Barrick Gold Corp. 8.00
Syngenta AG 8.00 Goldcorp Inc. 8.00
Monsanto Co. (New) 8.00 Impala Platinum 8.00
Mosaic Co. 7.61 Newmont Mining Corp. 8.00
Archer-Daniels-Midland Co. 7.36 Kinross Gold Corp. 6.85
Incitec Pivot 4.00 Newcrest Mining Ltd. 4.00
Agrium Inc.