Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), announced the anticipated listing of the PowerShares Global Progressive Transportation Portfolio on Sept. 18, 2008, on the Nasdaq Stock Market.
"Global trade, urbanization and rising energy costs have created a growing need for more efficient and sustainable ways to transport goods and services," said Bruce Bond, president and CEO of Invesco PowerShares. "We believe the PowerShares Global Progressive Transportation Portfolio (PTRP) will provide investors a precise way to access the companies that focus on this important sector with the inherent structural benefits of an ETF."
The World Business Council for Sustainable Development defines sustainable transportation as the ability to meet the needs of society to move freely, gain access, communicate, trade and establish relationships without sacrificing other essential human or ecological values today or in the future.
The PowerShares Global Progressive Transportation Portfolio (PTRP) is based on the Wilder NASDAQ OMX® Global Energy Efficient Transport Index. The index tracks the performance of a global group of companies focused on technologies for utilization of greener, more efficient sources of energy to initiate a societal transition toward cleaner, less costly and more efficient means of transportation.
The Index includes companies listed on global stock exchanges involved in four core focus areas: alternative vehicles; rail and subway systems; sea, land, air and intermodal; and transport innovation. The Index is rebalanced quarterly using a modified market capitalization-weighting methodology with consideration to trading volume and float-adjusted market capitalization minimums.
Index Weightings as of June 30, 2008.
Country Index Weight (%)
United States 42.18
Italy 5.14
Chile 2.78
Canada 10.08
Japan 7.32
Taiwan 7.83
Germany 4.94
China 2.27
Mexico 2.67
Brazil 2.67
Greece 2.67
France 4.73
United Kingdom 2.36
Malaysia 2.36
About Invesco PowerShares
Invesco PowerShares is leading the ETF revolution through its family of more than 100 domestic and international index-based and actively managed exchange-traded funds. With assets under management as of June 30, 2008, of approximately $13.95 billion, PowerShares ETFs trade on all of the major U.S. stock exchanges that trade ETFs. Invesco PowerShares is a part of Invesco Ltd. (NYSE: IVZ), an independent global investment management company.
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