Invesco PowerShares Announces Changes to ETF Product Lineup

DOWNERS GROVE, Ill., Dec. 22, 2015 /PRNewswire/ -- Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs) with more than $100 billion in franchise assets, announced today changes to its product lineup.

As part of the firm's commitment to aligning its fund offerings to meet an evolving investment landscape, Invesco PowerShares announced it will change the underlying indexes, but not the index provider for four ETFs. Two of these affected ETFs will also receive new product tickers. There will be no management fee changes to the affected ETFs.

Four other ETFs are scheduled to close on Monday, March 21, 2016, with the last day of trading scheduled for Friday, March 18, 2016. These closures may enable Invesco PowerShares to better align its product line with the changing investment landscape and allow the firm to continue to introduce value-added ETF solutions that meet investor needs going forward.

"Invesco PowerShares is committed to delivering innovative ETF solutions that are aligned with today's investment landscape," said Dan Draper, Managing Director of Invesco PowerShares. "These changes to our ETF offerings may help our clients capture unique growth opportunities as market conditions evolve."

The Board of Trustees approved changes to the underlying indexes, product names and tickers for the ETFs indicated in the tables below. These changes will take effect at market close on March 18, 2016.

In connection with the changes to the funds' underlying indexes, each fund will change its name and certain funds will change ticker symbols as summarized in the table below.

Current Index

Name

New Index

Name

Current Fund

Name

New Fund

Name

Old Ticker

New Ticker

S&P Emerging

Market High Beta

Index

S&P Momentum

Emerging Plus

LargeMidCap

Index

PowerShares S&P

Emerging

Markets High

Beta Portfolio

PowerShares S&P Emerging Market Momentum Portfolio

EEHB

EEMO

S&P International

Developed High

Beta Index

S&P Developed ex

US & South Korea

LargeMidCap

Index

PowerShares S&P

International

Developed High

Beta Portfolio

PowerShares S&P International Developed Momentum Portfolio

IDHB

IDMO

S&P International

Developed High

Quality Rankings

Index

S&P Quality

Developed ex US

LargeMidCap

Index

PowerShares S&P

International

Developed High

Quality Portfolio

PowerShares S&P International Developed Quality Portfolio

IDHQ

No Change

S&P 500 High

Quality Rankings

Index

S&P 500 Quality

Index

PowerShares S&P

500 High Quality

Portfolio

PowerShares S&P 500 Quality Portfolio

SPHQ

No Change

The following PowerShares ETFs are scheduled to close in March 2016:

Fund Name

Fund Ticker

PowerShares KBW Capital Markets Portfolio

KBWC

PowerShares KBW Insurance Portfolio

KBWI

PowerShares China A-Share Portfolio

CHNA

PowerShares Fundamental Emerging Markets Local Debt Portfolio

PFEM

For additional information, shareholders of the ETFs may call Invesco PowerShares at 800-983-0903.

About Invesco

Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its lineup 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 billion as of October 2, 2015, PowerShares ETFs trade on both US stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.

Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

Important Risk Information

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The fund is subject to certain other risks.

Investment focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Funds are considered non-diversified and may be subject to greater risks than a diversified fund.

PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC, investment adviser. Invesco PowerShares Capital Management LLC (Invesco PowerShares) and Invesco Distributors, Inc., ETF distributor, are indirect, wholly owned subsidiaries of Invesco Ltd.

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 Fund call 800 983 0903 or visit invescopowershares.com for the prospectus/summary prospectus.

Note: Not all products available through all firms or in all jurisdictions.

Not FDIC Insured| May Lose Value | No Bank Guarantee Shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in creation units only, typically consisting of aggregations of 500,000, 75,000 100,000 or 200,000.

Since ordinary brokerage commissions apply for each buy and sell transaction, frequent trading activity may increase the cost of ETFs. ETFs disclose their full portfolios daily.

An investor should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. For this and more complete information about the Funds call 800 983 0903 or visit invescopowershares.com for a prospectus. Please read the prospectus carefully before investing.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/invesco-powershares-announces-changes-to-etf-product-lineup-300196314.html

SOURCE Invesco PowerShares Capital Management LLC

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