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lot's of rm to appreciate...PTF
Market Cap
15.23 m
Ex-Div Date
N/A
Dividend
N/A
Yield
N/A
Shares
600.0 k
i will try to link these for a click to read so we can read quotes and news more quickly.
ETF Names and Ticker Symbols:
Broad Market
PIQ - PowerShares Dynamic MagniQuant Portfolio
Industry
PJB - PowerShares Dynamic Banking Portfolio
PTJ - PowerShares Dynamic Healthcare Services Portfolio
Sector
PYZ - PowerShares Dynamic Basic Materials Sector Portfolio
PEZ - PowerShares Dynamic Consumer Discretionary Sector Portfolio
PSL - PowerShares Dynamic Consumer Staples Sector Portfolio
PXI - PowerShares Dynamic Energy Sector Portfolio
PFI - PowerShares Dynamic Financial Sector Portfolio
PRN - PowerShares Dynamic Industrials Sector Portfolio
PTH - PowerShares Dynamic Healthcare Sector Portfolio
PTF - PowerShares Dynamic Technology Sector Portfolio
as you can see in the ibox there will be much to learn for all of us.
this will effect individual trading in the future.
this is how new trading is done today and possible effect on individual trading....
temporary click to for quote...
http://www.investorshub.com/boards/quotes.asp?ticker=ptf
October 19, 2006 - 11:06 AM EST
NASDAQ to Transfer Sponsorship of ETFs to PowerShares
Media Conference Call Will Be Held Today at 1 P.M. Eastern Time
PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), and Nasdaq Global Funds, Inc., a subsidiary of The Nasdaq Stock Market, Inc., announced an agreement to transfer sponsorship of the NASDAQ-100 Index Tracking Stock® (NASDAQ: QQQQ), also known as QQQ®, the NASDAQ-100 European Tracker® (EQQQ), and the 4 BLDRS Index Funds Trust(SM) (NASDAQ: ADRE) (NASDAQ: ADRD) (NASDAQ: ADRU) (NASDAQ: ADRA). Pending Securities and Exchange Commission (SEC) and other regulatory approvals, sponsorships of the funds will be conveyed to PowerShares. PowerShares does not plan to make any changes to the total expense ratios of the funds and the ticker symbols are expected to remain the same.
PowerShares Capital Management, an AMVESCAP PLC company (NYSE: AVZ), is one of the most innovative ETF companies in the marketplace today, and is the second largest issuer of ETFs in the United States. The transaction significantly expands the distribution channels for the funds and will bring greater investor education and access to these innovative products.
PowerShares seeks to provide Intelligent Indexes, Intelligent Exposure and Intelligent Access for investors. "The QQQ fits very well in the PowerShares family of funds because the NASDAQ like PowerShares is synonymous with leadership, innovation and creativity. We are extremely pleased to expand our existing strategic relationship with The NASDAQ Stock Market," said Bruce Bond, President of PowerShares Capital Management. "Being the most heavily traded exchange traded fund in the world, QQQ provides shareholders with unprecedented diversified access to NASDAQ companies, some of which are among the most compelling investment opportunities available on an exchange today."
"PowerShares has a strong track record of providing compelling portfolios and investment tools for advisers and investors," said John Jacobs, CEO of NASDAQ Global Funds. "The addition of these successful investment products to PowerShares' family of exchange traded funds (ETFs) underscores their commitment to sound portfolio construction and investment management approaches. This decision is another important step to elevate NASDAQ's growing and significant leadership in the equification of America."
NASDAQ is an influential and innovative force in the financial products industry. It will maintain its position as a world-class indexer by developing new indexes of its own and with other partners. NASDAQ is home to some of the world's most closely watched indexes including the NASDAQ-100 Index, the NASDAQ Clean Edge U.S. Index, and the NASDAQ Biotechnology Index. In addition to pursuing listings of ETFs and other structured products, NASDAQ will continue to develop ETFs and other financial products that are based on NASDAQ and other indexes.
Designed to follow the NASDAQ-100 Index, QQQQ tracks one-hundred of the largest non-financial companies listed on NASDAQ. It is the most actively traded ETF in the world with 107.9 million average shares traded daily as of September 30, 2006 (1).
BLDRS is a series of ETFs based on The Bank of New York ADR Indexes(SM). A real-time index tracking U.S. traded depositary receipts, the BLDRS Fund Family includes two market index funds and two regional index funds. Each BLDR represents an entire portfolio of international equities and has the benefit of low cost, transparent investing, liquidity, diversity, and The Bank of New York's expertise as a world leader in depositary receipt programs.
The NASDAQ-100 European Tracker is a European version of QQQ. It is available to investors in Belgium, Germany, Italy, Ireland, Switzerland and the UK. European investors can buy the NASDAQ-100 European Tracker in their time zones and currencies. This product cannot be bought or sold in the U.S.
NASDAQ's agreement to transfer sponsorships of QQQ and the BLDRS Index Funds to PowerShares requires approval from the SEC. The transfer of the NASDAQ-100 European Tracker will be a separate transaction that must first be approved by the Irish Financial Services Regulatory Authority. Both transactions are expected to be completed by June 30, 2007.
ETFs are investment products that hold a pool of securities and are designed to generally correspond with a specific Index. Investors can buy and sell ETFs just like stock, through their broker in most cases, throughout the trading day.
Media Conference Call
PowerShares and NASDAQ will hold a press conference on this development via telephone today at 1 p.m. Eastern Time. Bruce Bond, John Jacobs and NASDAQ executive vice president Bruce Aust will be available for questions from the media following prepared remarks at the following telephone numbers:
Telephone: 888-810-3953 (U.S.)
1-210-234-0060 (International)
Leader: Bethany Sherman
Password: 8034027
About NASDAQ
NASDAQ® is the largest electronic screen-based equity securities market in the United States. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology industries. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.
About PowerShares Capital Management LLC
PowerShares Capital Management LLC is passionate about its goal of efficiently delivering the highest quality institutional investment management services available. PowerShares is "Leading the Intelligent ETF Revolution," providing investment advisors with institutional caliber asset management that seeks to replicate enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today, the exchange-traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares' asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions.
About AMVESCAP
PowerShares Capital Management is a subsidiary of AMVESCAP PLC, a leading independent global investment manager, dedicated to helping people worldwide build their financial security. AMVESCAP had approximately $441 billion in assets under management as of Sept. 30, 2006, and is listed on the London, New York and Toronto stock exchanges with the symbol "AVZ." Additional information is available at www.amvescap.com.
(1) Source: Bloomberg and FactSet Research Systems
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ's agreement to convey sponsorships of QQQ, EQQQ and the BLDRS Index Funds to PowerShares, as well as about future strategic plans of NASDAQ Global Funds. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ's control. These factors include, but are not limited to factors detailed in NASDAQ's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about QQQ, a unit investment trust, please call 888-627-3837. Read the prospectus carefully before investing.
ALPS Distributors, Inc., a registered broker-dealer, is distributor for QQQ.
Source: Market Wire (October 19, 2006 - 11:06 AM EST)
News by QuoteMedia
http://www.quotemedia.com
More on ETF'S ... October 18, 2006 - 5:53 PM EST
PowerShares to Launch Three ETFs, Including the Industry's First Listed Private Equity ETF at the Amex October 24, 2006
PowerShares Capital Management LLC continues to "Lead the Intelligent ETF Revolution," announcing today the expected launch of three new exchange-traded funds (ETFs) on the American Stock Exchange (Amex) Tuesday, October 24, 2006. The ETF names and anticipated ticker symbols are listed below:
PSP -- PowerShares Listed Private Equity Portfolio
PUW -- PowerShares WilderHill Progressive Energy Portfolio
PZD -- PowerShares Cleantech(TM) Portfolio
"The Listed Private Equity Portfolio represents the first time individual investors, as well as institutions, will have access to private equity investing utilizing the efficient ETF structure," said Bruce Bond, President of PowerShares Capital Management. "Along with the socially responsible WilderHill Progressive Energy and Cleantech(TM) Portfolios, I believe PowerShares has created three compelling ETFs for investors who seek intelligent targeted exposure to unique market segments."
PowerShares Capital Management LLC is passionate about its goal of efficiently delivering the highest quality institutional investment management services available. PowerShares is "Leading the Intelligent ETF Revolution," providing investment advisors with institutional caliber asset management that seeks to replicate enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today, the exchange-traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares' asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions.
Risks of Owning PowerShares
PowerShares Funds are made up of publicly traded securities that can and will move higher and lower with market movements. You should anticipate that the value of the shares of each fund will advance or decline more or less in correlation with the advance or decline in value of the applicable index. The Funds are not actively managed, and shares of the Funds may trade at or below the Funds' NAV. Exchange-traded funds are subject to risks similar to those of stocks, including risks associated with short-selling and margin account maintenance.
A I M Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust.
An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. For this and more complete information about the Fund, call 800.983.0903 or visit the website www.powershares.com for a prospectus. Please read the prospectus carefully before investing.
The information in this prospectus is not complete and may be changed. The portfolio may not sell its shares until the registration statement filed with the Securities and Exchange Commission is effective. The prospectus is not an offer to sell the portfolio shares, nor is the portfolio soliciting an offer to buy its shares in any jurisdiction where the offer or sale is not permitted.
Source: Market Wire (October 18, 2006 - 5:53 PM EST)
News by QuoteMedia
http://www.quotemedia.com
more on ETF'S ...
October 12, 2006 - 10:26 AM EST
American Stock Exchange Launches Eleven New ETFs From PowerShares
NEW YORK, Oct. 12 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today announced that it has launched trading in 11 new exchange traded funds (ETFs) from PowerShares Capital Management LLC (PowerShares). The ETFs are based on Dynamic Intellidex(SM) indexes and include one broad-based, two industry and eight sector portfolios.
'We are very excited to welcome PowerShares back to the Amex for their 11 new ETF listings,' said Cliff Weber, Senior Vice President of the Amex ETF Marketplace. 'The Amex takes great pride in supporting PowerShares' 47 ETF listings on the Exchange as we continue to bring innovative products to the marketplace.'
ETF Names and Ticker Symbols:
Broad Market
PIQ - PowerShares Dynamic MagniQuant Portfolio
Industry
PJB - PowerShares Dynamic Banking Portfolio
PTJ - PowerShares Dynamic Healthcare Services Portfolio
Sector
PYZ - PowerShares Dynamic Basic Materials Sector Portfolio
PEZ - PowerShares Dynamic Consumer Discretionary Sector Portfolio
PSL - PowerShares Dynamic Consumer Staples Sector Portfolio
PXI - PowerShares Dynamic Energy Sector Portfolio
PFI - PowerShares Dynamic Financial Sector Portfolio
PRN - PowerShares Dynamic Industrials Sector Portfolio
PTH - PowerShares Dynamic Healthcare Sector Portfolio
PTF - PowerShares Dynamic Technology Sector Portfolio
'We are very pleased to be working with the Amex to expand the PowerShares family of ETFs,' said Bruce Bond, President of PowerShares. 'The Intellidex stock selection methodology, which uses a sophisticated quantitative methodology to determine the investment merit of a company and whether it should be included in the index, is a cornerstone in our Intelligent ETF business.'
Goldman Sachs Execution & Clearing, LP is the specialist for PYZ, PXI, PFI and PIQ. Kellogg Capital Group is the specialist for PEZ, PRN, PTF and PJB. LaBranche Structured Products, LLC is the specialist for PSL, PTH and PTJ.
Options will also be traded on the 11 ETFs. The specialist for PYZ, PXI and PTH Options is Group One Trading LP. The specialist for PEZ, PRN, PTF and PJB Options is Kellogg Capital Group. LaBranche Structured Products, LLC is the specialist for PSL, and PIQ Options. Susquehanna Investment Group will trade Options on PFI and PTJ.
About the American Stock Exchange
The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 206 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.
Risks of Owning PowerShares
PowerShares Funds are made up of publicly traded securities that can and will move higher and lower with market movements. You should anticipate that the value of the shares of each fund will advance or decline more or less in correlation with the advance or decline in value of the applicable index. The Funds are not actively managed, and shares of the Funds may trade at or below the Funds' NAV. Exchange-traded funds are subject to risks similar to those of stocks, including risks associated with short-selling and margin account maintenance.
A I M Distributors, Inc. is the distributor of the PowerShares Exchange- Traded Fund Trust.
An investor should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. For this and more complete information about the Fund, call 800.983.0903 or visit the website www.powershares.com for a prospectus. Please read the prospectus carefully before investing.
SOURCE American Stock Exchange
Source: PR Newswire (October 12, 2006 - 10:26 AM EST)
News by QuoteMedia
http://www.quotemedia.com
more information...
PowerShares XTF™ are a unique, sophisticated investment. They seek to replicate Intellidex™ stock selections inside one of the most tax-efficient, low cost, liquid products ever created, the ETF.
What are Exchange-Traded Funds (ETFs)?
What are PowerShares XTF™?
Why are PowerShares XTF™ So Smart?
The Wisdom of Objective Portfolio Management
What is Dynamic About the Intellidex™?
Risk Managed Design
Tax-Advantaged Product Design
Low Ownership Cost
Transparency
Liquidity and Convenience
What are Exchange-Traded Funds (ETFs)?
ETFs are one of the fastest growing investment products in the worldwide financial marketplace today. There are nearly 227 ETFs listed in the U.S. alone, with $325 billion in assets under management. The ETF based on the NASDAQ 100 Index is the number one traded equity security in the world.
ETFs are funds that trade like individual stocks on all of the major exchanges, similar to securities of publicly held companies. They can be bought and sold at any moment during market hours. There are risks involved with investing in ETFs including possible the loss of money. The investment return and principal value of an investment in PowerShares XTF™ will fluctuate so that shares, when sold, may be worth more or less than their original cost.
What are PowerShares XTF™?
Until now, ETFs have been based on benchmark indexes that represent market segment movements. In contrast, PowerShares XTF™ are based on an intelligent index, the Intellidex™.
PowerShares XTF™ are based on Dynamic Indexes that use rules-based quantitative analysis. This Intellidex™ methodology chooses stocks for their capital appreciation potential, evaluating and selecting stocks based on multiple valuation criteria.
The Wisdom of Objective Portfolio Management
PowerShares XTF™ replicate a rules-based Intellidex™, thereby overriding the emotional conflicts that may interfere with sound investment decisions. This eliminates the subjective nature of securities research, which can also cloud the quality of recommendations, stock selection and portfolio management.
Actively-managed money has traditional risks such as Style Drift, Manager Turnover, Window Dressing and Investor/Manager Goal Misalignment. These are rarely concerns when investing in PowerShares XTF™ because of their purely objective, rules-based, transparent and emotion-free management structure.
What is Dynamic About the Intellidex™?
Dynamic Indexing is a rules-based selection process that expands upon traditional benchmark indexing. The Intellidex™ methodology is a sophisticated way of analyzing large groups of stocks in order to select specific stocks that have the potential for capital appreciation, and it provides market exposure to defined segments of the U.S. economy.
To pursue the goal of representing stocks with growth potential, the Intellidex™ utilizes rules-based quantitative analysis to evaluate and select securities using a wide variety of investment value determinants such as fundamental growth, stock valuation, timeliness and risk factors. This process is conducted quarterly to assure a consistent and accurate representation of a specific market segment.
Risk-Managed Design
PowerShares XTF™ are based on the Intellidex™ Index. The methodology of the Intellidex™ is designed to control individual stock risk by ensuring sufficient exposure to several securities within a given industry, sector, style or capitalization depending on the overall focus of the portfolio.
We further attempt to control risk through continual pricing and liquidity and by ensuring access to investor assets during market hours.
In addition, PowerShares XTF™ are exempt from the normal uptick rule on short sales. This allows for sophisticated risk management and hedging strategies not available on most other products.
Tax-Advantaged Product Design
Taxes may be the most overlooked and critical factor in wealth creation over time.
PowerShares XTF™ unique structure allows it to substantially mitigate and or possibly avoid capital gains distributions through an in-kind redemption process. Shareholders may be able to defer some, most or possibly all capital gains until they sell their shares.
PowerShares XTF™ accomplish this through a LI–FO (Lowest In – First Out) in-kind tax management strategy unique to ETFs. This method typically allows the fund manager, during the creation and redemption process, to purge the lowest cost basis stocks through in-kind, non-taxable stock transfers. This unique operational trait leaves the fund with the highest cost basis securities, which systematically reduces tax exposure.
Mutual Funds utilize a HI–FO (Highest In – First Out) pooled tax treatment strategy for managing most portfolios. This method typically creates embedded, unrealized capital-gain exposure and eventual taxable distributions. These distributions are declared and distributed annually and can occur regardless of whether the investor has made or lost money in the fund.
Separately Managed Accounts (SMAs) allow for customized tax planning and properly align a stock’s cost basis to each individual account, which is beneficial for wealthy investors. However, when adjusting their portfolios, SMAs lack an in-kind mechanism by which to purge embedded portfolio gains.
Finally, PowerShares XTF™ are tax efficient because they trade on an exchange— just like a stock where sellers are matched with buyers. These types of transactions between buyers and sellers do not require the fund to sell stock to meet redemptions. This substantially reduces fund expenses, cash on hand and the risk of unwanted capital gain distributions.
Low Ownership Cost
PowerShares XTF™ are able to provide lower ownership costs because of their efficient product structure.
PowerShares XTF™ have an established expense cap that includes expenses associated with the fund to make the cost of ownership clear and straight forward for investors. Usual brokerage commissions apply.
Transparency
With PowerShares XTF™, you always know exactly what securities are in your portfolio. The PowerShares XTF™ portfolio constituents are available on the PowerShares website through the holdings link provided on each product page. The Intellidex™ index holdings are also available at www.amex.com at all times. Knowing what securities are actually in your portfolio provides additional comfort when investing.
Liquidity and Convenience
PowerShares XTF™ trade daily on all U.S. Domestic Stock Exchanges and are listed on the American Stock Exchange, home of the largest and best-known domestic ETFs.
You can buy, sell, use limit orders, buy on margin or sell short on a downtick at any time during the trading day at that moment’s market price. PowerShares XTF™ are subject to risks similar to those of stocks, including those regarding short-selling and margin account maintenance.
An investment in PowerShares XTF™ may lose value and is not guaranteed or insured by the FDIC, another government agency or any bank. Each fund may engage in active and frequent trading of its portfolio securities, which could result in high brokerage costs and an increase in taxable gains distributions to shareholders. Dividends from net investment income, if any, will be taxable as ordinary income. Ordinary brokerage commissions apply.
Nothing contained on this site constitutes investment, legal, tax or other advice, nor is it to be relied on in making an investment or any other decision. You should consult with your personal tax, legal and investment advisors before making any investment decision.
If you would like to get in touch with an advisor familiar with PowerShares, call 800.983.0903.
©2006 PowerShares Capital Management LLC
A I M Distributors, Inc. is the distributor of the PowerShares Exchange Traded Fund Trust.
View the Legal Notice
http://www.powershares.com/whatarepowershares.aspx
ETF Names and Ticker Symbols: Broad Market
PSP -- PowerShares Listed Private Equity Portfolio
PUW -- PowerShares WilderHill Progressive Energy Portfolio
PZD -- PowerShares Cleantech(TM) Portfolio
ETF Names and Ticker Symbols: Broad Market
PIQ - PowerShares Dynamic MagniQuant Portfolio
Industry
PJB - PowerShares Dynamic Banking Portfolio
PTJ - PowerShares Dynamic Healthcare Services Portfolio
Sector
PYZ - PowerShares Dynamic Basic Materials Sector Portfolio
PEZ - PowerShares Dynamic Consumer Discretionary Sector Portfolio
PSL - PowerShares Dynamic Consumer Staples Sector Portfolio
PXI - PowerShares Dynamic Energy Sector Portfolio
PFI - PowerShares Dynamic Financial Sector Portfolio
PRN - PowerShares Dynamic Industrials Sector Portfolio
PTH - PowerShares Dynamic Healthcare Sector Portfolio
PTF - PowerShares Dynamic Technology Sector Portfolio
From Atag:This Link Is Good For 101 Trading.[Naked Shorting]
http://www.businessjive.com/nss/darkside.html
ETF'S down the line could effect individual trading. this why we need discussion on ETF trading.
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