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PowerShares Capital Management Introduces Aerospace & Defense Exchange
Traded Fund
New ETF Tracks the SPADE Defense Index
 CHICAGO,
IL -- (MARKET WIRE) -- 10/21/2005 -- PowerShares continues to "Lead the
Intelligent ETF Revolution" with the introduction of the PowerShares
Aerospace and Defense Portfolio. The trading symbol for the PowerShares
Aerospace and Defense Portfolio will be (AMEX: PPA) and is anticipated to
begin trading October 26, 2005 on the American Stock Exchange.
The PowerShares Aerospace and Defense Portfolio is an exchange traded fund
designed to track the SPADE Defense Index which is comprised of publicly
traded companies focused on homeland and border security, space industry
infrastructure, and technological innovations in warfare. Companies within
the SPADE index must trade for at least $5 a share, have a market
capitalization of at least $100 million, and trade a minimum of one million
shares a month. The SPADE Defense Index is a modified market-cap weighted
index that is rebalanced quarterly and reconstituted annually.
"Without a secure environment it is impossible for the economy and financial
markets to flourish. Therefore the defense, homeland security, and space
marketplace represents one of the most important sectors in the U. S.
economy," said Bruce Bond, President of PowerShares Capital Management.
"Since 2001, defense spending has increased by more than 40% while homeland
security spending has more than tripled, and the combined segment generated
more than half a trillion dollars of direct economic activity."
The PowerShares Aerospace and Defense Portfolio includes companies focused
on developing products for markets such as: border security, biometrics and
screening systems, surveillance, GPS equipment, data security and
encryption, armored military vehicles, aircraft and helicopters, missiles
and munitions, battlespace awareness, simulations and wargaming, U.S.
Intelligence.
PowerShares Capital Management, LLC
PowerShares Capital Management, LLC provides institutional caliber asset
management and market exposure through the replication of enhanced indexes.
PowerShares delivers this sophisticated asset management in one of the more
benefit rich investment vehicles available 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.
ISBC, LLC
ISBC, LLC is the provider of the SPADE Defense Index. The quality and
character of the industry groups to which the index relates is monitored by
the ISBC. The ISBC, located in Washington, DC, is a research and consulting
group known for its insights into the defense and space industry and its
understanding of the trends driving those industries. The ISBC specializes
in industry monitoring, market research, convergence, strategic development
and analysis. Clients that have utilized the ISBC's resources include: NASA,
Fidelity, ITT, and the U.S. Department of Defense.
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.
An investor should consider investment objectives, risks, charges and
expenses carefully before investing. A prospectus which contains more
complete information about PowerShares, including risks, fees and expenses
can be obtained by visiting the PowerShares web site at
www.PowerShares.com or by calling
800-THE-AMEX. The prospectus should be read carefully before investing.
The information in the 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.
ALPS Distributors, Inc. is the distributor of the PowerShares
Exchange-Traded Fund Trust.
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For Media Inquiries Contact:
CTA Public Relations
Bill Conboy
303-665-4200 x 106
Email Contact
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