Invesco PowerShares (formerly PowerShares Capital Management) is an American boutique investment management firm based near

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...

which manages a family of exchange-traded funds or ETFs. The company has been part of Invesco, which markets the PowerShares product, since 2006. Created in 2002, PowerShares funds use quantitative indices as a benchmark. There are currently over 120 PowerShares ETFs.''Trading ETFs'' by Deron Wagner 2012 Bloomberg Press page 25 PowerShares cover and emulate a variety of market indices; for example, the ''PowerShares QQQ'' () is designed to replicate the

NASDAQ-100 The Nasdaq-100 (^NDX) is a stock market index made up of 101 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index. The stocks' weights in the i ...

Index. The ''PowerShares QQQ'' is one of the most widely traded shares on the stock market, according to writer John J. Murphy. PowerShares ETFs also cover the

commodities In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a co ...

market, diversified and tiny or

microcap stock In business and investing, term microcap stock (also micro-cap) refers to the stock of public companies in the United States which have a market capitalization of roughly $50 million to $300 million. The shares of companies with a market capital ...

s.''Commodity Strategies'' by Thomas J. Dorsey 2007 page 150 For instance, the PowerShares DB Commodity Index Tracking Fund, or DBC, which it developed with

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

, allows for individual investors to invest in commodities by means of its ETF. The PowerShares DB Oil Fund (DBO) deals with the crude oil index.

History

The company was founded in 2002 as PowerShares Capital Management. In 2006 PowerShares Capital Management was acquired by Invesco so that Invesco could get access to the ETF business and the company was renamed Invesco PowerShares. In 2006, PowerShares offered an exchange traded fund in the private equity market in a "diversified fashion", although a report in ''

BusinessWeek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'', is an American weekly business magazine published fifty times a year. Since 2009, the magazine is owned by New York City-based Bloomberg L.P. The magazine debuted in New York Cit ...

'' suggested that analysts thought that the fund was "something people can live without". In 2005, PowerShares developed a fund to allow customers to invest in "tiny companies" or ''microcaps''; according to a report in the ''

New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

'', the ''Powershares Zacks Micro Cap Portfolio'' owns 330 stocks which follow the index of Zacks Investment Research, and the PowerShares ETF re-evaluates these tiny companies weekly, removing those which "do not pass muster". In addition, the microcap ETF rebalances the entire index each quarter, according to the report. In 2010, the firm was involved in a trademark infringement dispute with Select Sector SPDR Trust over whether trading symbols, or ''tickers'', could be considered as brand names. In 2013 the William F. Sharpe Award for ETF Product of the Year went to the PowerShares Senior Loan Portfolio ETF .PowerShares Senior Loan Portfolio Recognized with William F. Sharpe Award for ETF Product of the Year
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Selected funds

Access – Active

*PowerShares Active U.S. Real Estate Fund () *PowerShares China A-Share Portfolio () *PowerShares Multi-Strategy Alternative Portfolio () *PowerShares S&P 500 Downside Hedged Portfolio ()

Access – Broad Market Beta

*PowerShares QQQ ()

Access – Buybacks

*PowerShares Buyback Achievers Portfolio () *PowerShares International BuyBack Achievers? Portfolio ()

Access – Global region and country

*BLDRS Asia 50 ADR Index Fund () *BLDRS Developed Markets 100 ADR Index Fund () *BLDRS Emerging Markets 50 ADR Index Fund () *BLDRS Europe Select ADR Index Fund () *PowerShares Golden Dragon China Portfolio () *PowerShares India Portfolio ()

Access – Small Cap Sector

*PowerShares S&P SmallCap Consumer Discretionary Portfolio () *PowerShares S&P SmallCap Consumer Staples Portfolio () *PowerShares S&P SmallCap Energy Portfolio () *PowerShares S&P SmallCap Financials Portfolio () *PowerShares S&P SmallCap Health Care Portfolio () *PowerShares S&P SmallCap Industrials Portfolio () *PowerShares S&P SmallCap Information Technology Portfolio () *PowerShares S&P SmallCap Materials Portfolio () *PowerShares S&P SmallCap Utilities Portfolio ()

Access – Specialty Sector

*PowerShares Aerospace & Defense Portfolio () *PowerShares Emerging Markets Infrastructure Portfolio () *PowerShares Global Listed Private Equity Portfolio () *PowerShares KBW Bank Portfolio () *PowerShares KBW Capital Markets Portfolio () *PowerShares KBW Insurance Portfolio () *PowerShares KBW Property & Casualty Insurance Portfolio () *PowerShares KBW Regional Bank Portfolio () *PowerShares NASDAQ Internet Portfolio ()

Access – Strategies

*PowerShares NYSE Century Portfolio () *PowerShares S&P 500 BuyWrite Portfolio () *PowerShares Zacks Micro Cap Portfolio ()

Commodities and Currencies – Commodity Optimum Yield

*PowerShares DB Agriculture Fund () *PowerShares DB Base Metals Fund () *PowerShares DB Commodity Index Tracking Fund () *PowerShares DB Energy Fund () *PowerShares DB Gold Fund () *PowerShares DB Oil Fund () *PowerShares DB Precious Metals Fund () *PowerShares DB Silver Fund ()

Commodities and Currencies – Currencies

*PowerShares DB G10 Currency Harvest Fund () *PowerShares DB US Dollar Index Bearish Fund () *PowerShares DB US Dollar Index Bullish Fund ()

Equity-based resources – Alternative Energy

*PowerShares Cleantech Portfolio () *PowerShares Global Clean Energy Portfolio () *PowerShares WilderHill Clean Energy Portfolio () *PowerShares WilderHill Progressive Energy Portfolio ()

Equity-based resources – Commodity Equities

*PowerShares Global Agriculture Portfolio () *PowerShares Global Gold and Precious Metals Portfolio () *PowerShares Global Water Portfolio () *PowerShares Water Resources Portfolio ()

Factor Driven – Broad-Based Momentum

*PowerShares DWA Developed Markets Momentum Portfolio () *PowerShares DWA Emerging Markets Momentum Portfolio () *PowerShares DWA Momentum Portfolio () *PowerShares DWA NASDAQ Momentum Portfolio () *PowerShares DWA SmallCap Momentum Portfolio ()

Factor Driven – High Beta

*PowerShares S&P 500 High Beta Portfolio () *PowerShares S&P Emerging Markets High Beta Portfolio () *PowerShares S&P International Developed High Beta Portfolio ()

Factor Driven – High Quality

*PowerShares S&P 500 High Quality Portfolio () *PowerShares S&P International Developed High Quality Portfolio ()

Factor Driven – Low Volatility

*PowerShares S&P 500 Low Volatility Portfolio () *PowerShares S&P Emerging Markets Low Volatility Portfolio () *PowerShares S&P International Developed Low Volatility Portfolio () *PowerShares S&P MidCap Low Volatility Portfolio () *PowerShares S&P SmallCap Low Volatility Portfolio ()

Factor Driven – Sector-Based Momentum

*PowerShares DWA Basic Materials Momentum Portfolio () *PowerShares DWA Consumer Cyclicals Momentum Portfolio () *PowerShares DWA Consumer Staples Momentum Portfolio () *PowerShares DWA Energy Momentum Portfolio () *PowerShares DWA Financial Momentum Portfolio () *PowerShares DWA Healthcare Momentum Portfolio () *PowerShares DWA Industrials Momentum Portfolio () *PowerShares DWA Technology Momentum Portfolio () *PowerShares DWA Utilities Momentum Portfolio ()

Fundamentals Weighted – Fundamentals Weighted Equity

*PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio () *PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio () *PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio () *PowerShares FTSE RAFI Emerging Markets Portfolio () *PowerShares FTSE RAFI US 1000 Portfolio () *PowerShares FTSE RAFI US 1500 Small-Mid Portfolio () *PowerShares Fundamental Pure Large Core Portfolio () *PowerShares Fundamental Pure Large Growth Portfolio () *PowerShares Fundamental Pure Large Value Portfolio () *PowerShares Fundamental Pure Mid Core Portfolio () *PowerShares Fundamental Pure Mid Growth Portfolio () *PowerShares Fundamental Pure Mid Value Portfolio () *PowerShares Fundamental Pure Small Core Portfolio () *PowerShares Fundamental Pure Small Growth Portfolio () *PowerShares Fundamental Pure Small Value Portfolio ()

Fundamentals Weighted – Fundamentals Weighted Fixed Income

*PowerShares Fundamental Emerging Markets Local Debt Portfolio () *PowerShares Fundamental High Yield Corporate Bond Portfolio () *PowerShares Fundamental Investment Grade Corporate Bond Portfolio ()

Income – Equity Income

*PowerShares Dividend Achievers Portfolio () *PowerShares High Yield Equity Dividend Achievers Portfolio () *PowerShares International Dividend Achievers Portfolio () *PowerShares KBW High Dividend Yield Financial Portfolio () *PowerShares S&P 500 High Dividend Portfolio ()

Income – Fixed Income

*PowerShares 1-30 Laddered Treasury Portfolio () *PowerShares Build America Bond Portfolio () *PowerShares Chinese Yuan Dim Sum Bond Portfolio () *PowerShares Emerging Markets Sovereign Debt Portfolio () *PowerShares Global Short Term High Yield Bond Portfolio () *PowerShares Insured California Municipal Bond Portfolio () *PowerShares Insured National Municipal Bond Portfolio () *PowerShares Insured New York Municipal Bond Portfolio () *PowerShares International Corporate Bond Portfolio () *PowerShares Senior Loan Portfolio () *PowerShares VRDO Tax-Free Weekly Portfolio ()

Income – Hybrid Income

*PowerShares CEF Income Composite Portfolio () *PowerShares Financial Preferred Portfolio () *PowerShares KBW Premium Yield Equity REIT Portfolio () *PowerShares Preferred Portfolio () *PowerShares Variable Rate Preferred Portfolio ()

Quantitative – Dynamic Broad-Market

*PowerShares Dynamic Large Cap Growth Portfolio () *PowerShares Dynamic Large Cap Value Portfolio () *PowerShares Dynamic Market Portfolio ()

Quantitative – Dynamic Industry

*PowerShares Dynamic Biotechnology & Genome Portfolio () *PowerShares Dynamic Building & Construction Portfolio () *PowerShares Dynamic Energy Exploration & Production Portfolio () *PowerShares Dynamic Food & Beverage Portfolio () *PowerShares Dynamic Leisure and Entertainment Portfolio () *PowerShares Dynamic Media Portfolio () *PowerShares Dynamic Networking Portfolio () *PowerShares Dynamic Oil & Gas Services Portfolio () *PowerShares Dynamic Pharmaceuticals Portfolio () *PowerShares Dynamic Retail Portfolio () *PowerShares Dynamic Semiconductors Portfolio () *PowerShares Dynamic Software Portfolio ()

References

{{Reflist Exchange-traded funds Financial services companies established in 2002 2002 establishments in the United States 2006 mergers and acquisitions