press center press release

Nasdaq to List PowerShares DB Optimum Yield Diversified Commodity Strategy Portfolio

Published

NEW YORK, Nov. 7, 2014 (GLOBE NEWSWIRE) -- Nasdaq today announced that Invesco PowerShares will list a new exchange-traded fund, PowerShares DB Optimum Yield Diversified Commodity Strategy Portfolio (Symbol:PDBC), on The Nasdaq Stock Market. PDBC will begin trading today, November 7th, 2014.

"Invesco PowerShares has enjoyed a long and successful relationship with Nasdaq," said Dan Draper, Head of Invesco PowerShares. "We're pleased to once again work with Nasdaq for today's listing of our newest smart beta ETF."

PDBC expands Invesco PowerShares' suite of smart beta exchange-traded funds to 82 portfolios. As the fourth largest provider of ETFs in the US and globally, Invesco PowerShares is recognized as a pioneer behind the smart beta revolution, having introduced many of the first smart beta strategies, and currently offers 60 smart beta ETFs with track records greater than 5-years.

"PDBC provides broad and efficient exposure to commodities with the added benefit of eliminating Scheduled K-1 requirements," said Lorraine Wang, Invesco PowerShares Head of Global ETF Products & Research. "Institutional investors allocate commodities into portfolios as an inflation hedge, and for the benefit of low correlation to stocks and bonds."

PDBC seeks to outperform its benchmark through actively managed investments in commodity-linked futures contracts. PDBC provides exposure to components of the DBIQ Optimum Yield Diversified Commodity Index Excess Return (Benchmark) which is composed of futures contracts on 14 heavily traded commodities across the energy, precious metals, industrial metals and agriculture sectors.

"We are delighted to welcome PowerShares' new exchange-traded fund to their product suite listed on The Nasdaq Stock Market," said Walt Smith, Vice President, Head of U.S. Equities at Nasdaq. "We value our partnership with Invesco PowerShares and will continue to offer our end-to-end support as they expand their innovative product offering."

Nasdaq operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support including index licensing, listings opportunities, data offerings and trading services. As the home to some of the world's most innovative ventures, Nasdaq generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.

About Invesco PowerShares:

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 of nearly $100 billion¹ as of September 30, 2014, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.

¹US franchise assets include QQQs, BLDRS and DB Funds. ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLRDS and DB Funds. PowerShares QQQ and BLDRS Funds are unit investment trusts. Invesco PowerShares and Invesco Distributors, Inc. are not affiliated with ALPS Distributors, Inc.

About Nasdaq:

Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

Nothing contained herein should be construed as investment advice from Nasdaq, either on behalf of a particular financial product or an overall investment strategy. Nasdaq makes no recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Investors should undertake their own due diligence and carefully evaluate financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

NDAQG

CONTACT: Invesco PowerShares Media Contact: Bill Conboy +1 (303) 415-2290 bill@bccapitalpartners.com Nasdaq Media Contact: Alexa Sugrue +1 (212) 231-5552 (office) +1 (646) 577-3157 (mobile) Alexa.Sugrue@nasdaq.com

In This Story

NDAQ

Nasdaq Press Center

Read the latest press releases, request a press kit, and get in touch with our press team.

learn more