SOURCE: PowerShares Capital Management

October 06, 2006 14:00 ET

PowerShares Capital Management to Launch 11 Intelligent ETFs on the American Stock Exchange October 12, 2006

CHICAGO, IL -- (MARKET WIRE) -- October 6, 2006 -- PowerShares Capital Management LLC continues to "Lead the Intelligent ETF Revolution," announcing today the expected launch of 11 new exchange-traded funds (ETFs) on the American Stock Exchange (AMEX) next Thursday, October 12, 2006. These new PowerShares will be based on dynamic Intellidex indexes, and include one broad-based, two industry and eight sector portfolios. The ETF names and ticker symbols are listed below:

Broad Market
PIQ - PowerShares Dynamic MagniQuant Portfolio

Industry
PJB - PowerShares Dynamic Banking Sector Portfolio
PTJ - PowerShares Dynamic Healthcare Services Sector 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 Financials Sector Portfolio
PRN - PowerShares Dynamic Industrials Sector Portfolio
PTH - PowerShares Dynamic Healthcare Sector Portfolio
PTF - PowerShares Dynamic Technology Sector Portfolio
"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," said Bruce Bond, President of PowerShares Capital Management. "We are very pleased to be working with the Amex expanding our family of Intelligent ETF™ portfolios."

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.

Contact Information

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