Invesco PowerShares Licenses Russell 1000® Equal Weight Index for New ETF
Invesco PowerShares Capital Management LLC (“Invesco PowerShares”) has recently selected the Russell 1000® Equal Weight Index as the basis for a new exchange traded fund (ETF).*
The Russell 1000® Equal Weight Index offers a unique and practical alternative to conventional weighted indexes. Rather than assigning an equal weight to each index constituent, Russell’s sector equal weight methodology equally weights each sector within the index and then equally weights the companies within each sector. This innovative approach can provide greater potential diversification benefits than traditional equal weight indexes.
Invesco PowerShares is a leading global provider of exchange-traded funds and a pioneer in the development of smart beta ETFs. The firm believes that smart beta strategies can provide investors with a valuable alternative that expands portfolio construction opportunities and offers a full suite of smart beta ETFs in various categories.
“We are excited that Invesco PowerShares has selected our Russell 1000® Equal Weight Index as the basis for a new smart beta ETF,” said Ron Bundy, CEO of Russell Indexes. “The Russell Indexes suite of smart beta indexes are designed to provide investors with new ways of segmenting and gaining exposure to the global equity market beyond traditional market capitalization weighted indexes. We are glad to build on our relationship with PowerShares and pleased that investors now have more ways of accessing these indexes.”
About Invesco PowerShares Capital Management LLC
Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 170 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 $100 billion1 as of November 30, 2014, PowerShares ETFs trade on both US stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.
About Russell Indexes & Russell Investments
Russell Investments (Russell) is a global asset manager and one of only a few firms that offers actively managed multi-asset portfolios and services that include advice, investments and implementation. Russell stands with institutional investors, financial advisors and individuals working with their advisors—using the firm’s core capabilities that extend across capital market insights, manager research, portfolio construction, portfolio implementation and indexes to help each achieve their desired investment outcomes.
Russell has more than $275 billion in assets under management (as of 9/30/2014) and works with over 2,500 institutional clients, independent distribution partners and individual investors globally. As a consultant to some of the largest pools of capital in the world, Russell has $2.6 trillion in assets under advisement (as of 6/30/2014). It has four decades of experience researching and selecting investment managers and meets annually with more than 2,200 managers around the world. Russell traded more than $1.6 trillion in 2013 through its implementation services business. Russell also calculates approximately 700,000 benchmarks daily covering 98% of the investable market globally, including more than 80 countries and more than 10,000 securities. Approximately $5.2 trillion in assets are benchmarked (as of 12/31/2013) to the Russell Indexes, which have provided investors with 30 years of smarter beta.
Headquartered in Seattle, Washington, Russell Investments operates globally, including through its offices in Seattle, New York, London, Paris, Amsterdam, Sydney, Melbourne, Auckland, Singapore, Seoul, Tokyo, Beijing, Toronto, Chicago, San Diego, Milwaukee and Edinburgh. For more information about how Russell helps to improve financial security for people, visit www.russell.com or follow @Russell_News.
1US franchise assets include QQQs, BLDRS and DB Funds. ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLDRS 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.
*This press release is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. Before investing, investors should carefully read the prospectus/summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the new equal weight ETFs, call 800 983 0903 or visit invescopowershares.com for the prospectus/summary prospectus.
Russell Investments is a trade name and registered trademark of Frank Russell Company, a Washington USA corporation, which operates through subsidiaries worldwide and is part of the London Stock Exchange Group.
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