News Releases

PowerSharesŪ Launches PowerShares DWA Technical Leaders Portfolio ETF to Track the Dorsey Wright Technical Leaders Index on the NYSE
2nd PowerShares ETF Listing on the NYSE
First ETF based on tools used in technical analysis

NEW YORK , Mar. 1, 2007- The New York Stock Exchange announced the PowerShares DWA Technical Leaders™ Portfolio listed on the NYSE and began trading under the ticker symbol PDP.  Tracking the performance of approximately 100 U.S.-listed securities, the new ETF offered by PowerShares is the first ETF based on technical analysis pioneered in the Dorsey Wright Technical Leaders™ Index. 

The modified equal-dollar weight index is comprised of approximately 100 U.S. companies from a broad universe of large-cap and mid-cap stocks and is based on the proprietary selection process of Dorsey, Wright & Associates. Each company is selected based on its relative strength characteristics and other factors utilizing a proprietary algorithm.

“A primary feature of the Dorsey Wright Technical LeadersIndex is that it will adapt over time to changes in market leadership, whether those leadership changes are based upon market capitalization, style, industry sector, or other factors,” said Tom Dorsey, President of Dorsey, Wright & Associates, Inc. “Numerous studies have demonstrated that relative strength is an extremely powerful and robust stock selection methodology. Relative strength is unique in that it does not rely on a company’s financial information, which can easily be manipulated by management.”

“PowerShares is pleased to be back at the New York Stock Exchange and to be allied with Dorsey, Wright & Associates, a leading provider of technical research to brokerage firms and investment professionals. We believe the PowerShares DWA Technical Leaders ETF will be an efficient vehicle for advisors and investors to implement Dorsey Wright’s venerable research into their portfolios,” said Bruce Bond, President of PowerShares Capital Management LLC. 

“Today’s listing of the first ETF based upon technical analysis demonstrates the creativity and range of investment ideas available to investors,” said Senior Vice President, Exchange Traded Funds and Indexes, Lisa Dallmer. “We are very happy to welcome back PowerShares, continuing our partnership and reaffirming NYSE Group’s standing as the world’s premier venue for ETF listings and trading to issuers.”

The addition of PowerShares DWA Technical Leaders Portfolio brings the total number of primary ETF listings to 166 on NYSE Group.  In 2006, NYSE Group handled over 43% of all ETF shares traded in the U.S. market.  As the largest exchange for ETF trading, NYSE Group is committed to offering investors the most innovative new investment options with superior pricing and market quality.

PowerShares Capital Management LLCis passionate about its goal of efficiently delivering the highest quality institutional investment management services available. PowerShares is Leading the Intelligent ETF Revolution® providing investment advisors with institutional caliber asset management that seeks to replicate enhanced indexes in one of the more benefit rich investment vehicles available in the marketplace today, the exchange-traded fund. The firm is committed to theoretically sound portfolio construction and empirically verifiable investment management approaches. PowerShares’ asset management philosophy and investment discipline are deeply rooted in the application of intuitive factor analysis and model implementation to enhance investment decisions.

Risks of Owning Exchange-Traded Funds
Exchange-Traded Funds are made up of publicly traded securities that can and will move higher and lower with market movements. You should anticipate that the value of the shares of each fund will advance or decline more or less in correlation with the advance or decline in value of the applicable index. The Funds are not actively managed, and shares of the Funds may trade at or below the Funds' NAV. Exchange-traded funds are subject to risks similar to those of stocks, including risks associated with short-selling and margin account maintenance. Ordinary brokerage commissions apply.

AIM Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust.
An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. For this and more complete information about the Fund, call 800.983.0903 or visit the website for a prospectus.  Please read the prospectus carefully before investing.

PowerShares® and Leading the Intelligent ETF Revolution® are registered marks of PowerShares Capital Management, LLC.

About NYSE Group, Inc
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange LLC (the “NYSE”) and NYSE Arca, Inc. (formerly known as the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In 2006, on an average trading day, 2.3 billion shares, valued at $86.8 billion, were traded on the exchanges of the NYSE Group.

The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities.  On December 31, 2006 , the operating companies listed on the NYSE represented a total global market capitalization of $25.0 trillion.

NYSE Arca, Inc. operates the former ArcaEx®, the first open, all-electronic stock exchange in the United States , which has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options.  NYSE Arca, Inc.’s trading platforms provide customers with fast electronic execution and open, direct and anonymous market access.

NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.

For more information on NYSE Group, go to:

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on NYSE Group’s current expectations and involve risks and uncertainties that could cause NYSE Group’s actual results to differ materially from those set forth in the statements. There can be no assurance that such expectations will prove to be correct. Actual results may differ materially from those expressed or implied in the forward-looking statements. Factors that could cause NYSE Group’s results to differ materially from current expectations include, but are not limited to:  NYSE Group’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Group’s Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Group that the projections will prove to be correct. NYSE Group undertakes no obligation to release any revisions to any forward-looking statements.



Contact: Stephanie Scotto
Phone: 212.656.4896