CHICAGO, IL -- (Marketwire) -- 05/15/12 -- Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today announced that Ed McRedmond, senior vice president of institutional & portfolio strategies was presented with a 2012 ETP Icon of the Industry Award at the 8th Annual Global ETF Awards® Dinner held recently in New York City.
The ETP Icons of the Industry Awards is an award to recognize those individuals who have left an impression on the industry and have helped promote the development of the ETP (exchange-traded product) marketplace. Over 560 ETP industry votes were cast and eleven winners selected from a list of nominees whose names were chosen in a survey held by Exchangetradedfunds.com. The purpose of the awards is not only to recognize individual contribution to the Global ETP Marketplace, but also to act as a fundraiser for charities. This year, the charity selected to receive the proceeds generated by this event is Habitat for Humanity International.
"It is an honor to be recognized by industry peers with an ETP Icon of the Industry Award," said Ed McRedmond, Senior Vice President, Institutional & Portfolio Strategies. "We at Invesco PowerShares firmly believe that investor education is instrumental to furthering the development of the ETP industry and it's always gratifying to be recognized for these efforts."
Ed McRedmond joined Invesco PowerShares in 2005 and works on increasing the awareness and usage of ETFs within the various distribution channels, with a focus on working with analysts, due diligence groups and portfolio managers using ETFs in various investment strategies. He is a two-time winner (2009 and 2008) of the award for Contribution to the ETF Sector at the Capital Link Closed-End Funds and Global ETF Awards Conference, and was also an Honorable Mention recipient in 2007. Mr. McRedmond previously worked at A.G. Edwards, where he was a member of the Allocation Advisors Investment Committee and also served as senior analyst covering exchange-traded funds and closed-end funds. He was a key part of the team that launched and managed the AG Edwards discretionary ETF-wrap portfolios.
Invesco PowerShares Capital Management LLC is Leading the Intelligent ETF Revolution® through its family of more than 140 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets over $72 billion as of March 31, 2011, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.
Invesco is a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
The Capital Link contribution to the ETF sector award is given to the individual whose work contributed most to the ETF sector in the given year.
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