Nasdaq to List PowerShares DB Optimum Yield Diversified Commodity Strategy Portfolio
(Thomson Reuters ONE) -
New Broad-Based Commodity Strategy Expands Smart Beta Suite
NEW YORK, Nov. 7, 2014 (GLOBE NEWSWIRE) -- Nasdaq today announced that Invesco
PowerShares will list a new exchange-traded fund, PowerShares DB Optimum Yield
Diversified Commodity Strategy Portfolio (Symbol:PDBC), on The Nasdaq Stock
Market. PDBC will begin trading today, November 7(th), 2014.
"Invesco PowerShares has enjoyed a long and successful relationship with
Nasdaq," said Dan Draper, Head of Invesco PowerShares. "We're pleased to once
again work with Nasdaq for today's listing of our newest smart beta ETF."
PDBC expands Invesco PowerShares' suite of smart beta exchange-traded funds to
82 portfolios. As the fourth largest provider of ETFs in the US and globally,
Invesco PowerShares is recognized as a pioneer behind the smart beta revolution,
having introduced many of the first smart beta strategies, and currently offers
60 smart beta ETFs with track records greater than 5-years.
"PDBC provides broad and efficient exposure to commodities with the added
benefit of eliminating Scheduled K-1 requirements," said Lorraine Wang, Invesco
PowerShares Head of Global ETF Products & Research. "Institutional investors
allocate commodities into portfolios as an inflation hedge, and for the benefit
of low correlation to stocks and bonds."
PDBC seeks to outperform its benchmark through actively managed investments in
commodity-linked futures contracts. PDBC provides exposure to components of the
DBIQ Optimum Yield Diversified Commodity Index Excess Return (Benchmark) which
is composed of futures contracts on 14 heavily traded commodities across the
energy, precious metals, industrial metals and agriculture sectors.
"We are delighted to welcome PowerShares' new exchange-traded fund to their
product suite listed on The Nasdaq Stock Market," said Walt Smith, Vice
President, Head of U.S. Equities at Nasdaq. "We value our partnership with
Invesco PowerShares and will continue to offer our end-to-end support as they
expand their innovative product offering."
Nasdaq operates an efficient platform for successfully introducing a product
suite into one of the single largest pools of liquidity, including market
participants which represent a full spectrum of investors. ETF issuers benefit
from an end-to-end solution that provides ongoing product support including
index licensing, listings opportunities, data offerings and trading services. As
the home to some of the world's most innovative ventures, Nasdaq generates
opportunities for issuers to access new markets and deliver new concepts that
change the way the industry develops, manages and applies ETFs.
About Invesco PowerShares:
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 of nearly $100 billion¹ as of
September 30, 2014, PowerShares ETFs trade on both U.S. stock exchanges. For
more information, please visit us at invescopowershares.com or follow us on
Twitter (at)PowerShares.
¹US franchise assets include QQQs, BLDRS and DB Funds. ALPS Distributors, Inc.
is the distributor of PowerShares QQQ, BLRDS and DB Funds. PowerShares QQQ and
BLDRS Funds are unit investment trusts. Invesco PowerShares and Invesco
Distributors, Inc. are not affiliated with ALPS Distributors, Inc.
About Nasdaq:
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology,
information and public company services across six continents. Through its
diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and
execute their business vision with confidence, using proven technologies that
provide transparency and insight for navigating today's global capital markets.
As the creator of the world's first electronic stock market, its technology
powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's
securities transactions. Nasdaq is home to more than 3,500 listed companies with
a market value of over $8.8 trillion and more than 10,000 corporate clients. To
learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors detailed
in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S.
Securities and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
Nothing contained herein should be construed as investment advice from Nasdaq,
either on behalf of a particular financial product or an overall investment
strategy. Nasdaq makes no recommendation to buy or sell any financial product or
any representation about the financial condition of any company or fund.
Investors should undertake their own due diligence and carefully evaluate
financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS
STRONGLY ADVISED.
NDAQG
CONTACT: Invesco PowerShares Media Contact:
Bill Conboy
+1 (303) 415-2290
bill(at)bccapitalpartners.com
Nasdaq Media Contact:
Alexa Sugrue
+1 (212) 231-5552 (office)
+1 (646) 577-3157 (mobile)
Alexa.Sugrue(at)nasdaq.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1869658]
Unternehmensinformation / Kurzprofil:
Datum: 07.11.2014 - 14:30 Uhr
Sprache: Deutsch
News-ID 350757
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contact information:
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Kategorie:
Business News
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"Nasdaq to List PowerShares DB Optimum Yield Diversified Commodity Strategy Portfolio"
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