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New Sustainable Transportation ETF to be Launched on NASDAQ
Invesco PowerShares Capital Management
LLC plans to list its PowerShares Global Progressive Transportation Portfolio on the NASDAQ
Stock Market on September 18, 2008.
Worldwide economic growth has increased
demand for transportation solutions, but in most cases those solutions have not been matched by
sustainable improvements in infrastructure. Sustainable transportation meets the needs of society
without sacrificing ecological values.
To be traded under the ticker PTRP, the portfolio
is an exchange-traded fund (ETF) that is based on the Wilder NASDAQ OMX Global Energy Efficient
Transport Index. An index-based exchange-traded fund seeks to replicate the movements of an index
of a financial market.
The Wilder Index tracks innovative and energy efficient
transportation by focusing on businesses that are engaged in cleaner and improved means of
transporting goods and people. It includes a global group of companies engaged in four focus areas:
alternative vehicles; rail and subway systems; sea, land, air and intermodal; and transport
innovation.
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