| New York, December 1, 2006 -
The American Stock Exchange (Amex) 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 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 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 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 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 rank and their industry Timeliness 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.
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