Invesco PowerShares to List Four Commodity Focused Equity ETFs on Nasdaq
Market Wire, August, 2008
Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), announced the anticipated listing of four new equity ETFs designed to provide access to companies involved in the agriculture, coal, gold and precious metals and steel sectors. The portfolios are expected to 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
"The rising standards of living and the rapid growth of middle-class populations worldwide have created increased demand and global opportunities for companies focused on producing food and commodities," said Bruce Bond, president and CEO of Invesco PowerShares Capital Management LLC. "These four new ETF portfolios should provide investors transparent, tax-efficient access to global portfolios of 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 Barrick Gold Corp. 8.00
Saskatchewan 8.00 Goldcorp Inc. 8.00
Syngenta AG 8.00 Impala Platinum 8.00
Monsanto Co. (New) 8.00 Newmont Mining Corp. 8.00
Mosaic Co. 7.61 Kinross Gold Corp. 6.85
Archer-Daniels-Midland Co. 7.36 Newcrest Mining Ltd. 4.00
Incitec Pivot 4.00 Yamana Gold Inc. 4.00
Agrium Inc. 4.00 Agnico-Eagle Mines Ltd. 4.00
K & S AG 4.00 Anglo American Platinum 4.00
Israel Chemical Corp. 4.00 Lonmin 4.00
Yara International ASA 4.00
PowerShares Global Coal Portfolio PowerShares Global Steel Portfolio
(PKOL) as of 6/30/08 (PSTL) as of 6/30/08
Index Index
Company Weight(%) Company Weight(%)
------- -------- ------- --------
Peabody Energy Corp. 8.00 Novolipetsk Iron & Steel 8.00
CONSOL Energy Inc. 8.00 ArcelorMittal 8.00
Cameco Corp. 8.00 POSCO 6.57
China Shenhua Energy H 8.00 Nippon Steel Corp. 5.40
Arch Coal 8.00 JFE Holdings Inc. 4.75
Bumi Resources TBK 4.00 ThyssenKrupp AG 4.30
Massey Energy Co. 4.00 United States Steel Corp. 3.86
Alpha Natural Resources 4.00 Siderurgica Nacional, CIA 3.67
China Coal Energy Company H 4.00 Magnitogorsk Iron & Steel
Patriot Coal Corp. 4.00 Works 3.51
Fortescue Metals Group 3.48
Source: The NASDAQ OMX Group, Inc., based on hypothetical Index information
as of June 30, 2008. Holdings are subject to change.
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