NASDAQ OMX to List PowerShares LadderRite 0-5 Year Corporate Bond Portfolio (LDRI)

Provides Access to a Professionally Managed Bond Ladder Through a Bond ETF

NEW YORK, Sept. 8, 2014 (GLOBE NEWSWIRE) -- NASDAQ OMX today announced that Invesco PowerShares is preparing to launch a new exchange-traded fund (ETF), the PowerShares LadderRite 0-5 Year Corporate Bond Portfolio (Symbol:LDRI), which will be listed on The NASDAQ Stock Market® (NASDAQ®). LDRI will begin trading on NASDAQ on Wednesday, September 10, 2014. "We are excited to partner with the NASDAQ OMX to expand our smart beta fixed income family with an equal weighted annual maturity ladder strategy," said Lorraine Wang, Invesco PowerShares Global Head of ETF Products and Research. "Investors looking to preserve capital and generate income in an uncertain interest rate environment may want to consider LDRI as a possible solution given its short-term nature and laddering approach." PowerShares LadderRite 0-5 Year Corporate Bond Portfolio (LDRI) seeks to track the NASDAQ LadderRite® 0-5 Year USD Corporate Bond Index (LadderRite Index), which is comprised of investment-grade corporate bonds with maturities of five years or less. The LadderRite index uses a rules-based index methodology that has the potential to reduce turnover and transaction costs and provide a more efficient means of managing interest rate volatility while maintaining a consistent maturity profile. "We are thrilled to list another innovative PowerShares exchange-traded product on NASDAQ," said Walt Smith, Vice President, Head of U.S. Equities & Group Revenue Management at NASDAQ OMX. "We value our partnership with Invesco PowerShares and will continue to offer our support as they expand their robust product offering and grow their footprint into new markets across the globe." NASDAQ OMX operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support at every level including index licensing, listings opportunities, data offerings and trading services. As the home to some of the world's most innovative ventures, NASDAQ OMX generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.