SOURCE: PowerShares Capital Management

January 31, 2007 17:15 ET

PowerShares Now Available in Invest n Retire Tax-Deferred Retirement Plans

CHICAGO, IL -- (MARKET WIRE) -- January 31, 2007 -- PowerShares Capital Management LLC continues Leading the Intelligent ETF Revolution® announcing today that PowerShares exchange-traded funds (ETFs) are now available as part of Invest n Retire's tax-deferred retirement plans. Invest n Retire's proprietary system allows employees to purchase shares of ETFs within retirement portfolios, eliminating the time and expense of setting up a brokerage sub-account.

"We are pleased to team with Invest n Retire, a leading innovator of ETF-based retirement accounts to provide investors a cost effective tax-deferred solution with access to PowerShares portfolios," said Bruce Bond, President of PowerShares Capital Management. "PowerShares' unique suite of ETFs based on Intelligent Indexes, Intelligent Exposure and Intelligent Access provides investors unprecedented choices for their 401k, and other employer-sponsored retirement plans."

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.

Invest n Retire, LLC (INR)‚ located in Portland‚ Ore.‚ was founded in 2000 by Darwin Abrahamson in response to the overwhelming demand for leading-edge technology that can deliver financial tools and services to 401(k) plans. INR's uniquely designed system for managing tax-deferred retirement plans addresses two significant problems: (i) the move from defined benefit‚ profit sharing‚ and money purchase plans to defined contribution plans which forces employees to become investment experts and (ii) the high costs associated with the traditional investment options offered to employees.

INR's patent pending system‚ currently being used by its clients, includes asset allocation models designed by the plan's financial consultant‚ automatic portfolio rebalancing‚ online enrollment‚ investment education‚ and daily valuation. For more information please visit www.investnretire.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. Ordinary brokerage commissions apply.

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.

Contact Information

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