SOURCE: PowerShares Capital Management

February 15, 2007 13:53 ET

PowerShares Capital Management Readies Exclusive Dorsey Wright Technical Leaders ETF Listing

CHICAGO, IL -- (MARKET WIRE) -- February 15, 2007 -- PowerShares Capital Management continues "Leading the Intelligent ETF Revolution," announcing today it has received exclusive rights from Dorsey, Wright & Associates to use the Dorsey Wright Technical Leaders™ Index for exchange-traded funds (ETFs) in the United States. PowerShares has filed a registration statement with the SEC and anticipates listing the PowerShares DWA Technical Leaders Portfolio on the New York Stock Exchange March 1, 2007.

The Dorsey Wright Technical Leaders Index is composed of approximately 100 U.S.-listed securities and is managed by Dorsey, Wright & Associates. Dorsey Wright selects securities for the index based on a proprietary methodology that incorporates relative strength along with other technical factors. The index includes large and mid-cap securities identified as having the highest relative strength characteristics. The index selects and rebalances components quarterly.

"A primary feature of the Technical Leaders Index is that it will adapt over time to changes in market leadership, whether those leadership changes are based upon market capitalization, style, industry sector, or other factors," said Tom Dorsey, President of Dorsey, Wright & Associates. "Numerous studies have demonstrated that relative strength is an extremely powerful and robust stock selection methodology. Relative strength is unique in that it does not rely on a company's financial information, which can easily be manipulated by management."

"Dorsey, Wright & Associates is a very well known and highly respected provider of independent technical research to thousands of investment professionals across the financial industry. We are very pleased to be working with them to provide investment professionals with a very efficient and flexible tool for incorporating one aspect of Dorsey Wright's research into their client's portfolios," said Bruce Bond, President of PowerShares Capital Management LLC.

Dorsey, Wright & Associates, Inc. is an independent and privately owned registered investment advisory firm. Founded in 1987 by partners Tom Dorsey and Watson Wright, the firm's mission is to provide the investment professional with both the research and tools to effectively accumulate and preserve wealth for their clients. Point & Figure, a form of technical market analysis first popularized by Charles Dow in the late-1800s, is central to Dorsey Wright's investment philosophy. With a focus on risk management, Dorsey, Wright & Associates provides daily market commentary and a comprehensive online database to major broker-dealer clients, along with hundreds of regional and independent investment firms. As well, Dorsey Wright Money Management has implemented the tenets of this methodology for its own investing clients during the past 10 years.

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 Exchange-Traded Funds

Exchange-Traded 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. Ordinary brokerage commissions apply.

A I M Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust. Dorsey, Wright & Associates is not affiliated with A I M Distributors, Inc.

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 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.

PowerShares® and Leading the Intelligent ETF Revolution® are registered trademarks of PowerShares Capital Management LLC. Dorsey Wright Technical Leaders™ is a trademark of Dorsey, Wright & Associates, Inc.

Contact Information

  • Contact:
    CTA Integrated Communications
    Bill Conboy
    303-665-4200 x 106
    Email Contact