American Stock Exchange Lists PowerShares Preferred Portfolio
January 31 2008 - 8:39AM
PR Newswire (US)
NEW YORK, Jan. 31 /PRNewswire/ -- The American Stock Exchange(R)
(Amex(R)) today announced that it has launched trading in the
PowerShares Preferred Portfolio (AMEX:PGX) by PowerShares Capital
Management LLC. This product brings the total number of ETF
listings on the Amex to 385. "We are pleased to have been selected
to list PGX and we take great pride in continuing to support
PowerShares as they offer important new choices for ETF investors,"
said Scott Ebner, Senior Vice President of the Amex ETF
Marketplace. PGX aims to track the Merrill Lynch Fixed Rate
Preferred Securities Index (ML Preferred Index), a market
capitalization-weighted index which seeks to reflect the total
return performance of the fixed rate U.S. preferred securities
market. "PowerShares' Preferred Portfolio will provide investors
convenient access to the income-generating power of a diversified
portfolio of preferred securities," said Bruce Bond, president and
CEO of PowerShares. "Due to their low correlation compared to other
asset classes, preferred securities can also be useful tools for
reducing volatility within an investment portfolio." Kellogg
Capital Group, LLC is the specialist for PGX. About the American
Stock Exchange The American Stock Exchange(R) (Amex(R)) offers
trading across a full range of equities, options and exchange
traded funds (ETFs), including structured products and HOLDRS(SM).
In addition to its role as a national equities market, the Amex is
the pioneer of the ETF, responsible for bringing the first domestic
product to market in 1993. Leading the industry in ETF listings,
the Amex lists 385 ETFs to date. The Amex is also one of the
largest options exchanges in the U.S., trading options on
broad-based and sector indexes as well as domestic and foreign
stocks. For more information, please visit http://www.amex.com/.
PowerShares Capital Management LLC is leading the intelligent ETF
revolution through its family of more than 100 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 of over $35 billion,
PowerShares ETFs trade on all three U.S. stock exchanges. For more
information, please visit us at http://www.powershares.com/.
PowerShares is a part of Invesco, a leading independent global
investment management company, dedicated to helping people
worldwide build their financial security. By delivering the
combined power of our distinctive worldwide investment management
capabilities, including AIM, Atlantic Trust, Invesco, Perpetual,
PowerShares, Trimark, and WL Ross, Invesco provides a comprehensive
array of enduring investment solutions for retail, institutional
and high net worth clients around the world. Operating in 20
countries, the company is currently listed on the New York Stock
Exchange under the symbol IVZ. Additional information is available
at http://www.invesco.com/. DATASOURCE: American Stock Exchange
CONTACT: Bari Trontz of American Stock Exchange, +1-212-306-8964,
Web site: http://www.amex.com/ http://www.powershares.com/
http://www.invesco.com/
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