InvescoPowerShares.com - PowerShares Active ETFs

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Active ETFs are investment vehicles that combine the benefits of active management with one of the most benefit-rich investment vehicles available in the marketplace today — the exchange-traded fund.

Until recently, all ETFs were designed to track rules-based indexes. For example, an S&P 500® ETF would invest primarily in the holdings of the S&P 500® Index. Active ETFs, on the other hand, may be managed by investment teams who rely on research, expertise and proprietary processes to choose their portfolio's holdings.

	Products		Ticker
	PowerShares Active AlphaQ Fund		PQY

	PowerShares Active Alpha Multi Cap Fund		PQZ

	PowerShares Active Mega Cap Fund		PMA

	PowerShares Active Low Duration Fund		PLK

Why PowerShares Active ETFs?

With any active management strategy, the expertise of the investment teams and the quality of their investment process is of the utmost importance. PowerShares is uniquely positioned in the ETF industry by being part of Invesco, a global independent investment management firm with $500 billion in assets under management and more than 500 investment professionals across 13 distinct investment centers as of Dec. 31, 2007.

PowerShares' initial active ETFs will draw on two of these Invesco investment centers in U.S. equities and fixed income, as well as an independent partner — AER Advisors, Inc, a private financial services firm with its sole focus on sub-advisement and product development of actively managed ETFs. These investment management capabilities complement the extensive ETF know-how of PowerShares — a leading ETF innovator.

^1.Source: FT.com, "SEC approval to renew debate on active ETFs," March 3, 2008.

There are risks involved with investing in ETFs, including possible loss of money. Unlike conventional ETFs, the Funds are not index funds. Each Fund is actively managed and does not seek to replicate the performance of a specified index. The Funds are subject to risk similar to stocks, including those related to short selling and margin maintenance.

The Funds are subject to management risk because they are actively managed portfolios. There can be no guarantee that the investment techniques and risk analyses used by the Sub-Advisors or portfolio managers will produce the desired results.

Actively managed ETFs have not previously traded and, therefore, there can be no assurance as to whether and/or the extent to which the shares will trade at premiums or discounts to NAV.

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 Units only, typically consisting of aggregations of 50,000 shares.

If you would like to get in touch with an advisor familiar with PowerShares, call 800.983.0903.

Active ETFs combine the benefits of active management with those of ETFs.

Active Management seeks to provide:

	Higher returns than benchmark indexes
	Consistent returns
	Managed risk
	Reduced volatility

The ETF structure provides:

	Low expenses¹
	Tax efficiency²
	Transparency
	Near instant liquidity³
	Trading at or near NAV
	Ability to purchase on margin
	Flexibility: market/stop/limit orders

¹In comparison to other actively managed investment products. Ordinary brokerage commissions apply.

²Relative to mutual funds. PowerShares does not offer tax advice. Please consult your tax advisor for information regarding your own personal tax situation.

³Shares 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 Units only, typically consisting of aggregations of 50,000 shares.

Invesco Aim Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust, the PowerShares Exchange-Traded Fund Trust II, the PowerShares Actively Managed Exchange-Traded Fund Trust and the PowerShares India Exchange-Traded Fund Trust.

Investment products offered are: Not FDIC Insured • No Bank Guarantee • May Lose Value

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