Invesco to Close and Liquidate Four ETFs in December
DOWNERS GROVE, Ill., Sept. 29, 2017 /PRNewswire/ -- Invesco (NYSE: IVZ), a leading global provider of exchange-traded funds (ETFs), announced today that it will close and liquidate the following four ETFs in December 2017:
- PowerShares Contrarian Opportunities Portfolio (NYSE Arca: CNTR)
- PowerShares Developed EuroPacific Currency Hedged Low Volatility Portfolio (NYSE Arca: FXEP)
- PowerShares Europe Currency Hedged Low Volatility Portfolio (NYSE Arca: FXEU)
- PowerShares Japan Currency Hedged Low Volatility Portfolio (NYSE Arca: FXJP)
The last day of trading on the NYSE Arca, Inc. (the "Exchange") for the affected ETFs will be Friday, December 22, 2017 and the affected ETFs will be delisted from the Exchange as of the immediately following trading day. The last day creation orders will be accepted in the ETFs will be December 14, 2017. The final distribution to shareholders of the affected ETFs is expected to occur on or about December 29, 2017.
"PowerShares regularly evaluates its product line to ensure that we are offering a diverse set of funds to help investors meet their desired investment outcomes," said Dan Draper, global head of ETFs for Invesco. "We think about how we can continuously better align our products with the changing needs of investors."
About Invesco
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com.
About PowerShares by Invesco
PowerShares by Invesco is leading the Intelligent ETF Revolution® through its family of more than 140 domestic and international PowerShares exchange-traded funds (ETFs). PowerShares ETFs seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. PowerShares has US franchise assets exceeding $158 billion as of June 30, 2017. For more information, please visit us at powershares.com or follow us on Twitter @PowerShares.
Important Risk Information
There are risks involved with investing in ETFs, including possible loss of money. Index-based ETFs are not actively managed. Actively managed ETFs do not necessarily seek to replicate the performance of a specified index. Both index-based and actively managed ETFs are subject to risks similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Index.
Shares are not FDIC insured may lose value and have no bank guarantee.
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 10,000, 50,000, 75,000, 100,000 or 200,000 Shares.
This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions.
Before investing, investors should carefully read the prospectus/summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the Fund call 800 983 0903 or visit invescopowershares.com for the prospectus/summary prospectus.
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SOURCE Invesco Ltd.
