Products October 27, 2008

Invesco PowerShares Announces Lowered Expense Ratios

Invesco PowerShares Capital Management LLC, provider of exchange-traded funds (ETFs), announced that expense ratios for its 11 domestic PowerShares FTSE RAFI ETF portfolios will be lowered to 39 basis points effective November 1.
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According to a press release, the ticker symbols and names for the portfolios are:

  • PRF: PowerShares FTSE RAFI US 1000 Portfolio
  • PRFZ: PowerShares FTSE RAFI US 1500 Small-Mid Portfolio
  • PRFM: PowerShares FTSE RAFI Basic Materials Sector Portfolio
  • PRFG: PowerShares FTSE RAFI Consumer Goods Sector Portfolio
  • PRFS: PowerShares FTSE RAFI Consumer services Sector Portfolio
  • PRFE: PowerShares FTSE RAFI Energy Sector Portfolio
  • PRFF: PowerShares FTSE RAFI Financials Sector Portfolio
  • PRFH: PowerShares FTSE RAFI Health Care Sector Portfolio
  • PRFN: PowerShares FTSE RAFI Industrials Sector Portfolio
  • PRFQ: PowerShares FTSE RAFI Telecom & Technology Sector Portfolio
  • PRFU: PowerShares FTSE RAFI Utilities Sector Portfolio.

“The PowerShares fundamentals weighted ETFs are an important alternative to cap weighted portfolios seeking to provide investors higher returns with lower volatility over time. We are pleased to continue our industry leading role and will be lowering fees across the entire domestic FTSE RAFI lineup,” said Bruce Bond, president and CEO of Invesco PowerShares, in the press release.

More information is available at www.invescopowershares.com.

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