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Friday, December 14, 2012

A PowerShares ETF Wins an Industry Award

Reported by Chris Cumming

Invesco [profile] has earned an industry award for its PowerShares line. The firm announced by in a press release that the PowerShares S&P 500 Low Volatility Portfolio won the William F. Sharpe Award for ETF product of the year.

The award is given to innovators in indexing and ETFs. It was awarded at the 2012 Global Indexing and ETFs conference in Phoenix, Arizona earlier this month. This is the second consecutive year that a PowerShares offering has taken home the award.

The press release follows.

PowerShares S&P 500 Low Volatility Portfolio Receives William F. Sharpe Award for ETF Product of the Year

CHICAGO – December 13, 2012 – Invesco PowerShares Capital Management LLC, a leading global provider of exchange traded funds (ETFs), announced today the PowerShares S&P 500® Low Volatility Portfolio (SPLV) received the William F. Sharpe Award for ETF Product of the Year.  Listed on May 5, 2011, SPLV represents the first and largest low-volatility weighted ETF available to US investors. The ETF recently surpassed $3 billion in assets under management.

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 2012 Global Indexing & ETFs Conference held in Phoenix, AZ from December 2-5, 2012. 

SPLV was recognized as ETF Product of the Year for having the most significant impact on the ETF market over the previous 12 months.  This is the second consecutive year a PowerShares ETF has received this prestigious award, following the PowerShares Fundamental High Yield® Corporate Bond Portfolio (PHB) as the 2011 recipient.

“We would like to thank our industry peers for honoring Invesco PowerShares with the 2012 William F. Sharpe Award for ETF Product of the Year,” said Ben Fulton, Invesco PowerShares managing director of global ETFs.  “The PowerShares S&P 500® Low Volatility Portfolio (SPLV) was a groundbreaking listing that opened the door for investors seeking to reduce volatility in their core portfolios and has become the flagship ETF in this space.  The concept of using low-volatility strategies to achieve long term capital growth objectives has been steadily gaining interest with advisors and investors.”

Since inception through November 30, 2012, the PowerShares S&P 500® Low Volatility Portfolio (SPLV) achieved a total return including dividends of 18.31% vs. a total return of 9.91% for the S&P 500® Index, and it has done so with approximately 30% less volatility1.

Leading the Intelligent ETF Revolution, Invesco PowerShares was early to recognize the advantages low volatility investing.  Based upon the highly regarded S&P Dow Jones Indices, the PowerShares family of low volatility ETFs provides investors with diversification opportunities across key market segments.
  • PowerShares S&P 500® Low Volatility Portfolio (SPLV)
  • PowerShares S&P Emerging Markets Low Volatility Portfolio (EELV)
  • PowerShares S&P International Developed Low Volatility Portfolio (IDLV) 
    The PowerShares S&P 500® Low Volatility Portfolio (SPLV) is based on the S&P 500® Low Volatility Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500® Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund is rebalanced and reconstituted quarterly in Feb, May, Aug, and Nov.

    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 over $74 billion as of Sept 30, 2012, PowerShares ETFs trade on both U.S. 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 retail, institutional and high net worth 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.

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