DOWNERS GROVE, Ill., Dec. 9, 2015 /PRNewswire/ -- Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds (ETFs), announced today the PowerShares FTSE RAFI US 1000 Portfolio (PRF) received the William F. Sharpe Award for Index Product of the Year, and the Fund's underlying index, the FTSE RAFI US 1000 Index, was recognized with the Index of the Year award.
"We dedicate ourselves to delivering industry leading products every day, so it's great to be honored again by the William F. Sharpe Awards," said Dan Draper, Managing Director and Head of Invesco PowerShares. "This month we are celebrating the 10-year anniversary for PRF, which was created in December 2005 as one of the first smart beta ETFs and disproved a number of skeptics to its place today as Product of the Year."
PRF was recognized as the Product of the Year for having the most significant impact on the ETF market over the previous year. This is the fifth consecutive year a PowerShares ETF has been recognized with this prestigious award; most recently the PowerShares Multi-Strategy Alternative Portfolio (LALT) was awarded in 2014, and the PowerShares S&P 500® Downside Hedged Portfolio (PHDG) in 2013.
The William F. Sharpe Awards recognize the best and the brightest innovators in the field of indexing, ETFs, and investment management. This year's awards were presented at the 2015 Global Indexing & ETFs Conference held in Scottsdale, Arizona, from December 6-8, 2015.
The PowerShares FTSE RAFI US 1000 Portfolio (PRF) is designed to track the performance of the FTSE RAFI US 1000 Index, a disciplined, rules-based index that weights stocks on fundamental factors—or attributes that are associated with higher returns—including dividends, cash flow, total sales and book equity value as opposed to market capitalization.
PowerShares joined index provider Research Affiliates today to ring the New York Stock Exchange opening bell to recognize the 10th anniversary of PRF.
To learn more about the PowerShares FTSE RAFI US 1000 Portfolio, call 800-983-0903.
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 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.
Please see the current prospectus for more information regarding the risk associated with an investment in the fund. Investments focused in a particular industry or sector are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Investments 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. Invesco Distributors, Inc. is not associated with Research Affiliates.
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.
SOURCE Invesco PowerShares Capital Management, LLC