DOWNERS GROVE, Ill., Dec. 22, 2017 /PRNewswire/ -- Invesco (NYSE: IVZ), a leading global provider of exchange-traded funds (ETFs), announced today that management fees on the PowerShares S&P 500 Momentum Portfolio (SPMO) and the PowerShares S&P 500 Enhanced Value Portfolio (SPVU) are being lowered from 0.25% to 0.13%, effective January 1, 2018.
"We are constantly evaluating our product offerings to ensure that we are offering cost-efficient investment solutions to meet the needs of our investors," said Dan Draper, Global Head of ETFs at Invesco.
About PowerShares by Invesco
PowerShares by Invesco is leading the Intelligent ETF Revolution® through its family of 140 domestic and international PowerShares exchange-traded funds (ETFs). PowerShares ETFs seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. PowerShares has US franchise assets exceeding $160 billion as of September 30, 2017. For more information, please visit us at powershares.com or follow us on Twitter @PowerShares.
Important Risk Information
There are risks involved with investing in ETFs, including possible loss of money. Index-based ETFs are not actively managed and are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Index.
Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000, 75,000, 100,000 or 200,000 Shares.
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.
SOURCE Invesco Ltd.