American Stock Exchange Launches Trading in Five New ETFs From Powershares

NEW YORK, Dec. 1  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today announced that it has launched trading in five new exchange traded funds (ETFs) from PowerShares Capital Management LLC (PowerShares), including the first Financial Preferred Portfolio and Value Line Industry Rotation Portfolio. These new PowerShares ETFs bring the total number of ETF listings on the Amex to 216.

"The American Stock Exchange continues to work with leaders in the industry to bring innovative products to the marketplace, and we are proud once again to be partnering with PowerShares to launch five new ETFs," said Cliff Weber, Senior Vice President of the Amex ETF Marketplace. "These new ETFs increase the number of PowerShares' listings on the Amex to 55."

The PowerShares Financial Preferred Portfolio (Symbol: PGF) seeks investment results that correspond generally to the price and yield (before fees and expenses) of the WHPS(SM) Financial Index, which is calculated using a market capitalization weighting methodology.

The PowerShares Dynamic Large Cap Portfolio (Symbol: PJF) seeks investment results that correspond generally to the price and yield, before fees and expenses, of the Dynamic Large Cap Intellidex(SM) Index, which is comprised of stocks of 100 U.S. large-cap companies.

The PowerShares Dynamic Mid-Cap Portfolio (Symbol: PJG) seeks investment results that correspond generally to the price and yield, before fees and expenses, of the Dynamic Mid Cap Intellidex(SM) Index, which is comprised of stocks of 150 U.S. mid-cap companies.

The PowerShares Dynamic Small Cap Portfolio (Symbol: PJM) seeks investment results that correspond generally to the price and yield, before fees and expenses, of the Dynamic Small Cap Intellidex(SM) Index, which is comprised of stocks of 200 U.S. small-cap companies.

The PowerShares Value Line Industry Rotation Portfolio (Symbol: PYH) seeks investment results that correspond generally to the price and yield, before fees and expenses, of the Value Line Industry Rotation Index, which is comprised of 75 stocks chosen based on their Timeliness(TM) rank and their industry Timeliness(TM) rank.

LaBranche Structured Products, LLC is the specialist for PGF and PJG. Goldman Sachs Execution & Clearing, LP is the specialist for PJF, PJM and PYH. Options will also be traded on four of these products. LaBranche will trade options on PJG and Susquehanna Investment Group will trade options on PJF, PJM and PYH.

About the American Stock Exchange

The American Stock Exchange (Amex) offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 216 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/. 

DATASOURCE: American Stock Exchange



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