PowerShares Fundamental High Yield(R) Corporate Bond Portfolio (PHB) Recognized With William F. Sharpe Award for ETF Product of the Year
Posted on December 08, 2011 at 09:30 AM EST
CHICAGO, IL -- (Marketwire) -- 12/08/11 -- Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today the PowerShares Fundamental High Yield® Corporate Bond Portfolio (PHB) received the William F. Sharpe Award for ETF Product of the Year at the 2011 Super Bowl of Indexing Conference. The ETF Product of the Year is awarded to the company responsible for the ETF product that had the most significant impact on the ETF market over the previous twelve months.
"The William F. Sharpe Awards recognize the best and the brightest innovators in the field of indexing, ETFs, and investment management," said Ben Fulton, Invesco PowerShares managing director of global ETFs. "We are quite honored to receive the highly regarded ETF Product of the Year award recognizing the innovative investment opportunity the PowerShares Fundamental High Yield® Corporate Bond Portfolio provides investors."
The PowerShares Fundamental High Yield® Corporate Bond Portfolio is the first fixed-income ETF to use Research Affiliates' Fundamental Index® methodology. Traditional bond indices give the largest weights to the biggest debtors, potentially exposing investors to greater risks of default. In contrast, the Fundamental Index methodology uses fundamental measures of company size, including book value of assets, sales, dividends and cash flow, to set constituent weights.
"By weighting companies based on fundamental measures of their resources available to service debt, we believe the PowerShares Fundamental High Yield® Corporate Bond Portfolio represents an important alternative to market-cap-weighted fixed-income portfolios and provides investors the potential for improved risk-adjusted returns," added Joseph Becker, senior fixed & equity income product strategist at Invesco PowerShares.
The PowerShares Senior Loan Portfolio (BKLN) also received recognition at the 2011 Super Bowl of Indexing as a runner-up in the categories of ETF Product of the Year and ETF Innovation of the Year, which is awarded to the company responsible for the most significant new product, service, or strategy in ETF investing. BKLN is the first ETF that provides investors access to a portfolio of senior secured bank or floating rate loans.
The PowerShares Fundamental High Yield® Corporate Bond Portfolio (PHB) is based on the RAFI® High Yield Bond Index ("Index"). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is comprised of U.S. dollar-denominated bonds registered for sale in the United States whose issuers are public companies listed on major U.S. stock exchanges. Only securities with greater than one year to maturity qualify for inclusion in the Index. Based on the Fundamental Index® methodology developed by Research Affiliates, LLC, the Index is compiled and calculated by Ryan ALM, Inc. The Index is rebalanced monthly.
The Super Bowl of Indexing Conference® was held in Phoenix, Arizona December 4-7, 2011. The program is the largest of its kind in the world and has become the annual meeting for the indexing industry. It is attended by virtually the entire marketplace, including public and private plan sponsors, institutional fund managers, traders, investment consultants, financial advisors and planners, ETF sponsors, hedge funds, index and service providers, researchers and academics. The speaker faculty includes the world's leading experts and practitioners in the field. At this year's program, Information Management Network (IMN), which hosts the Super Bowl of Indexing, teamed up with The Journal of Index Investing -- a leading peer-reviewed journal that covers the latest innovations in Exchange-Traded Funds (ETFs), investable indexes, and mutual funds -- to produce the annual William F. Sharpe Indexing Achievement Awards. On December 5, 2011, the industry's contributions during the past year were recognized with six William F. Sharpe Indexing Achievement Awards. Award categories include Best Research Paper; Best Index Product; Best Indexing Innovation; Best ETF Product; Best ETF Innovation; and Lifetime Achievement Award. The winners of the awards are selected by a panel of the world's leading practitioners and researchers in the field of indexing research.
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 $52.4 billion as of September 30, 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.
Any reference to a ranking, a rating, or an award provides no guarantee for future performance results and is not constant over time.
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions may apply.
PHB's use of a representative sampling approach will result in its holding a smaller number of securities than are in the underlying Index, and may be subject to greater volatility. Non-investment grade securities have additional risks, including higher default risk and decreased market liquidity.
Research Affiliates, LLC, a global leader in innovative investing and asset allocation strategies, operates from its headquarters in Newport Beach, California. Dedicated to solving complex investment issues, the firm creates innovative strategies that respond to the current needs of the market. Leveraging its strong research focus, Research Affiliates distributes innovative investment products in partnership with some of the world's leading financial institutions. The firm, founded in 2002 by Robert D. Arnott, a renowned innovator in investment theory and practice, is majority employee-owned. As of September 2011, approximately $78 billion in assets are managed worldwide using investment strategies developed by Research Affiliates.
Fundamental Index®, Research Affiliates®, Fundamental High Yield®, and all other Research Affiliates trademarks, trade names, patented and patent-pending concepts are the exclusive property of Research Affiliates, LLC. The RAFI Investment Grade Corporate Bond Index is calculated and maintained by ALM Research Solutions, Inc. (a wholly owned subsidiary of Ryan ALM, Inc.) in conjunction with Research Affiliates LLC and is the exclusive property of Research Affiliates. Research Affiliates is not affiliated with Invesco, Ltd.
Not FDIC Insured | May Lose Value | No Bank Guarantee
Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust II.
Note: Not all products available through all firms.
PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC. Invesco PowerShares Capital Management LLC and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.
An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing. For this and more complete information about the Fund call 800 983 0903 or visit invescopowershares.com for a prospectus. Please read the prospectus carefully before investing.
BLDRS Asia 50 ADR Index Fund BLDRS Developed Markets 100 ADR INDEX FUND BLDRS Emerging Markets 50 ADR INDEX FUND BLDRS Europe 100 ADR Index FunD PowerShares 1-30 Laddered Treasury Portfolio PowerShares Active Low Duration Portfolio PowerShares Active Mega-Cap Portfolio PowerShares Active U.S. Real Estate Fund PowerShares Build America Bond Portfolio PowerShares Buyback Achievers PowerShares CEF Income Composite Portfolio PowerShares Chinese Yuan Dim Sum Bond Portfolio PowerShares Cleantech Portfolio PowerShares Convertible Securities Portfolio PowerShares DB Agriculture Fund PowerShares DB Base Metals Fund PowerShares DB Commodity Index Fund PowerShares DB Energy Fund PowerShares DB G10 Currency Harvest Fund PowerShares DB Gold Fund PowerShares DB Oil Fund PowerShares DB Precious Metals Fund PowerShares DB Silver Fund PowerShares DB US Dollar Index Bearish Fund PowerShares DB US Dollar Index Bullish Fund PowerShares DWA Developed Markets Technical Leaders PowerShares DWA Emerging Markets Technical Leaders PowerShares DWA Technical Leaders Portfolio PowerShares Dynamic Banking Sector Portfolio PowerShares Dynamic Basic Materials Sector Portfolio PowerShares Dynamic Consumer Discretionary Sector Portfolio PowerShares Dynamic Consumer Staples Sector Portfolio PowerShares Dynamic Energy Sector Portfolio PowerShares Dynamic Financial Sector Portfolio PowerShares Dynamic Healthcare Sector Portfolio PowerShares Dynamic Industrials Sector Portfolio PowerShares Dynamic MagniQuant Portfolio PowerShares Dynamic Mkt Portfolio PowerShares Dynamic Technology Sector Portfolio PowerShares ETF Food & Beverage Port PowerShares ETF Leisure & Entertainment Port PowerShares ETF Networking Port PowerShares ETF Pharma Port PowerShares ETF Trust Aerospace & Defense Portfolio PowerShares ETF Trust Dynamic Biotech & Genome Port PowerShares ETF Trust Dynamic Building & Construction Portfolio PowerShares ETF Trust Dynamic Energy Exploration & Production Port PowerShares ETF Trust Dynamic Insurance Portfolio PowerShares ETF Trust Dynamic Media Port PowerShares ETF Trust Dynamic Retail Portfolio PowerShares ETF Trust Dynamic Utilities Portfolio PowerShares ETF Trust International Dividend Achievers Portfolio PowerShares ETF Trust Lux Nanotech Portfolio PowerShares ETF Tst Dynamic OTC Portfolio PowerShares ETF Tst Dynamic Software Portfolio PowerShares Emerging Infrastructure Portfolio PowerShares Emerging Markets Sovereign Debt Portfolio PowerShares Exchange Traded Fund PowerShares Exchange Traded Fund Dynamic Large Cap Portfolio PowerShares Exchange Traded Fund Dynamic Mid Cap Portfolio PowerShares Exchange Traded Fund Dynamic Small Cap Portfolio PowerShares Exchange Traded Fund FTSE RAFI US 1000 Portfolio PowerShares Exchange Traded Fund Financial Preferred Portfolio PowerShares Exchange Traded Fund Trust Dividend Achievers Portfolio PowerShares Exchange Traded Fund Trust Dynamic Large Cap Growth Portfolio PowerShares Exchange Traded Fund Trust Dynamic Large Cap Value Portfolio PowerShares Exchange Traded Fund Trust Dynamic Mid Cap Value Portfolio PowerShares Exchange Traded Fund Trust Dynamic Small Cap Growth Portfolio PowerShares Exchange Traded Fund Trust Dynamic Small Cap Value Portfolio PowerShares Exchange Traded Fund Trust WilderHill Clean Energy Portfolio PowerShares Exchange Traded Fund Water Resource Portfolio PowerShares Exchange-Traded Fund Trust Dynamic Oil Services Portfolio PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio PowerShares Exchange-Traded Fund Trust II PowerShares FTSE RAFI Developed Markets PowerShares Exchange-Traded Fund Trust II PowerShares FTSE RAFI Emerging Markets Portfolio PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio PowerShares FTSE RAFI US 1500 Small-Mid Portfolio PowerShares Fundamental High Yield Corporate Bond Portfolio PowerShares Fundamental Investment Grade Corporate Bond Portfolio PowerShares Fundamental Pure Large Growth Portfolio PowerShares Fundamental Pure Large Value Portfolio PowerShares Global Agriculture Portfolio PowerShares Global Clean Energy Portfolio PowerShares Global Coal Portfolio PowerShares Global Gold & Prcious metals Portfolio PowerShares Global Nuclear Energy Portfolio PowerShares Global Steel Portfolio PowerShares Global Water Portfolio PowerShares Global Wind Energy Portfolio PowerShares High Yield PowerShares Ibbotson Alternative Completion Portfolio PowerShares India Portfolio PowerShares Insured California Municipal Bond Portfolio PowerShares Insured Municipal Bond Portfolio PowerShares Insured New York Municipal Bond Portfolio PowerShares International Corporate Bond Portfolio PowerShares KBW Bank Portfolio PowerShares KBW Capital Markets Portfolio PowerShares KBW Insurance Portfolio PowerShares KBW Regional Banking Portfolio PowerShares Listed Private Equity Portfolio PowerShares Morningstar StockInvestor Core Portfolio PowerShares Nasdaq Internat Portfoilio PowerShares Preferred Portfolio ETF PowerShares QQQ Trust, Series 1 PowerShares RiverFront Tactical Balanced Growth Portfolio PowerShares RiverFront Tactical Growth & Income Portfolio PowerShares S&P 500 BuyWrite Portfolio PowerShares S&P 500 High Beta Portfolio PowerShares S&P 500 High Quality Portfolio PowerShares S&P 500 Low Volatility Portfolio PowerShares S&P International Developed High Quality Portfolio PowerShares VRDO Tax-Free Weekly Portfolio PowerShares WilderHill Progressive Energy Portfolio PowerShares Zacks Micro Cap Portfolio Powershares Golden Dragon Chin Powershares Kbw High Dividend Yield Financial Portfolio Powershares Kbw International Financial Portfolio Powershares Kbw Premium Yield Equity Reit Portfolio Powershares Kbw Property & Casualty Insurance Portfolio Powershares MENA Frontier Countries Portfolio
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here