NEW YORK--(BUSINESS WIRE)--NYSE Euronext and Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today announced the launch of the PowerShares NYSE Century Portfolio (NYCC) on NYSE Arca. NYCC is based on the NYSE Century Index, which includes U.S. companies that have been incorporated for at least 100 years, are listed on a U.S. exchange and have a market capitalization of at least $1 billion.
NYCC is the first fund based on the NYSE Century Index. To learn more about NYCC, visit invescopowershares.com/NYCC
“The PowerShares NYSE Century Portfolio invests in household names that have defined the American economy for more than a century,” said Martin L. Flanagan, president and CEO of Invesco. We believe NYCC offers investors targeted exposure to companies that have demonstrated the ability to innovate, transform and grow through decades of varying economic cycles, political conditions and social change.”
"We are very pleased to list the PowerShares NYSE Century Portfolio on NYSE Arca,” said Duncan L. Niederauer, President, ICE and CEO, New York Stock Exchange. “NYCC unlocks the investment potential of the NYSE Century Index, providing investors with exposure to the leadership, stability and sound business execution of the NYSE Century Club, a community of U.S. companies that have demonstrated longevity and contributed to economic and social progress for more than 100 years.”
About the NYSE Century IndexSM
Launched in 2012, the NYSE Century Index is composed of American companies that have been incorporated in the U.S. for at least 100 years, listed on a U.S. exchange and have a market capitalization of at least $1 Billion. The index’s selection criteria results in a diverse range of companies from mega caps to smaller companies from 10 major sectors. Currently comprised of 372 companies, the NYSE Century Index is equally weighted and rebalanced annually.
About NYSE Euronext
NYSE Euronext is a wholly-owned subsidiary of Intercontinental Exchange Group (NYSE: ICE), operator of the leading global network of exchanges and clearing houses. NYSE Euronext operates multi-asset exchanges, and a range of related data products and technology services. The company’s equity exchanges - the New York Stock Exchange, NYSE MKT and NYSE Arca - trade nearly one-third of the world's cash equity volume. NYSE is the global leader in capital raising for listed companies, including the majority of technology IPOs globally in 2013. The company’s equity options markets, NYSE Arca Options and NYSE Amex Options offer complementary market models. NYSE Euronext also provides comprehensive global connectivity services and a range of market data products to support efficient, transparent markets.
NYSE Euronext disclaimer
NYSE Euronext and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices.
About Invesco PowerShares Capital Management LLC and Invesco Ltd.
Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 140 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets over $100 billion as of December 31, 2013, PowerShares ETFs trade on both US stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com
Please see the below important information from Invesco PowerShares Capital Management LLC and Invesco Ltd.
Not FDIC Insured | May Lose Value | No Bank Guarantee
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply.
Common stock risk is the financial risk that the value of an individual company’s stock may fall as a result of factors directly relating to that company, such as decisions made by its management or lower demand for the company’s products or services. Common stocks may decline significantly in price over short or extended periods of time.
Investing in securities of large-cap companies may involve greater risk than is customarily associated with investing in stocks of smaller companies. Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Shares are not individually redeemable and owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Unit aggregations only, typically consisting of 50,000 shares.
NYSE Century IndexSM and NYSE® are service marks of NYSE Euronext or its affiliates (NYSE Euronext) and have been licensed for use by Invesco PowerShares Capital Management LLC (the Adviser) in connection with PowerShares NYSE Century Portfolio (the Fund). Neither the Adviser nor the Fund is sponsored, endorsed, sold or promoted by NYSE Euronext. NYSE Euronext makes no representations or warranties regarding the Trust or the Fund or the ability of the NYSE Century IndexSM to track general stock market performance.
PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares). Invesco PowerShares and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.
Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust II.
Note: Not all products available through all firms.
An investor should consider the Fund’s investment objective, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the Fund. For this and more complete information about the Fund call 800 983 0903 or visit invescopowershares.com for a prospectus. Please read the prospectus carefully before investing.