NEW YORK, Dec. 19, 2005 – The New York Stock Exchange announced today that the first NYSE-listed PowerSharesTM ETF, the PowerShares FTSE RAFI US 1000 Portfolio, began trading under ticker symbol PRF. PRF tracks the performance of the largest US companies by mirroring the FTSE RAFI US 1000 Index, which captures the top companies based on fundamental financial factors such as book value, income, sales and dividends rather than market capitalization.
“We are very proud to welcome the PowerShares FTSE RAFI US 1000 to the NYSE’s growing ETF family,” said NYSE President and Co-COO Catherine R. Kinney. “This marks the beginning of our long-term partnership with PowerShares. We look forward to working with PowerShares to bring investors additional unique products based on award-winning indexes like the FTSE RAFI series.”
The FTSE RAFI fundamental-based methodology is intended to protect investors from potentially overweighted, overvalued stocks that are sometimes associated with market cap-driven indexes.
Including this new listing, the Exchange is now the listing home for 64 ETFs with an additional 47 ETFs trading on a UTP basis. As a market of choice for ETFs and related products, the New York Stock Exchange continues to build scale in this arena by trading the most innovative ETFs, structured products and other derivative securities.