IL -- (MARKET WIRE) -- 04/19/2006 -- PowerShares
Capital Management LLC, an asset management firm
specializing in the development and management of
Intelligent Exchange Traded Funds (ETFs), announced
today that the PowerShares Lux Nanotech Portfolio
(AMEX: PXN )
has surpassed $100 million in assets under management.
The PowerShares Lux Nanotech Portfolio is based on
the Lux Nanotech Index™, which seeks to identify
groups of companies involved in the developing, manufacturing
and funding of nanotechnology applications.
"The PowerShares Lux Nanotech Portfolio is one of
the only ways for investors to tap into a broad spectrum
of securities exposed to nanotechnology," said Lux
Research President and Director of Research Matthew
M. Nordan. "By looking across industry value chains
from materials through to final products, the Portfolio
provides a complete picture of nanotech commercialization."
"We're pleased to be working with Lux Research,
one of the world's leading nanotechnology research
and advisory firms, providing investors with targeted
exposure to the exciting promise of nanotechnology," said
PowerShares President Bruce Bond. "The growth of
assets in the PowerShares Lux Nanotech Portfolio
is a testament to the unique nature of the fund and
the research insight that underlies it."
The PowerShares Lux Nanotech Portfolio began trading
on October 26, 2005, and based on the Net Asset Value
as of March 31, 2006, has returned 19.81% since its
inception. The Portfolio return, based on closing
price, was 19.46% during the same period.
Past performance is not a guarantee of future results,
current performance may be higher or lower than performance
quoted. Investment returns and principal value will
fluctuate and shares may be worth more or less than
their original cost when sold or redeemed. See powershares.com
to find the most recent month-end performance numbers
and information regarding premiums and discounts.
For the full details on the PowerShares Lux Nanotech
ETF including month-end performance and premiums
and discounts visit http://www.powershares.com/pxnfund.asp
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. www.powershares.com
About Lux Research:
Lux Research is one of the world's leading nanotechnology
research and advisory firms. We help our clients
make better decisions to profit from nanoscale science
and technology, tapping into our analysts' unique
expertise and unrivaled network. Our clients include
top decision makers at large corporations, portfolio
managers and analysts at leading financial institutions,
CEOs of the most innovative start-ups, and visionary
public policy makers. Visit www.luxresearchinc.com for
more information. For Lux Executive Summit registration
and additional event details, please visit www.luxexecutivesummit.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.
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 800-983-0903. The prospectus should be
read carefully before investing.
ALPS Distributors, Inc. is the distributor of the
PowerShares Exchange-Traded Fund Trust.
Media Contact: CTA Public Relations Bill Conboy 303-665-4200
x 106 Email
Contact SOURCE: PowerShares Capital Management