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PBW PowerShares
Global Clean Energy UCITS ETF

The PowerShares Global Clean Energy UCITS ETF aims to replicate the WilderHill New Energy Global Innovation Index. The Index seeks to deliver capital appreciation and is composed of companies that focus on greener and generally renewable sources of energy and technologies facilitating cleaner energy. The modified equal weighted portfolio is rebalanced and reconstituted quarterly.

Performance analysis (in EUR)  
Growth of 10,000 (in EUR) Performance summary
As at 30/09/2014
Top country allocations  
As at 24/10/2014
United States 33.67%
China 13.90%
Germany 6.92%
Taiwan 4.77%
Hong Kong 4.32%
Denmark 4.27%
Canada 3.03%
Japan 2.56%
United Kingdom 2.48%
New Zealand 2.34%
Sector allocations  
As at 24/10/2014
Distribution history
Ex-Date Record Date Pay Date Rate/Share Ordinary Income
02/10/2014 06/10/2014 31/10/2014 0.004 0.004
02/07/2014 04/07/2014 31/07/2014 0.005 0.005
02/10/2013 04/10/2013 31/10/2013 0.002 0.002
03/07/2013 05/07/2013 31/07/2013 0.006 0.006
03/10/2012 05/10/2012 31/10/2012 0.009 0.009
27/06/2012 29/06/2012 31/07/2012 0.007 0.007
28/09/2011 30/09/2011 28/10/2011 0.019 0.019
30/03/2011 01/04/2011 29/04/2011 0.008 0.008
02/07/2008 04/07/2008 31/07/2008 0.025 0.025
02/01/2008 04/01/2008 31/01/2008 0.027 0.027


This marketing document is directed at Professional Clients in France only and is not for consumer use.

As this is a concentrated single sector fund investors should be prepared to accept a substantially higher degree of risk than for a fund with a broader investment mandate.

Where Invesco PowerShares has expressed views and opinions, these may change without notice. The price of ETFs and any income will fluctuate, this may partly be the result of exchange rate fluctuations, and investors may not get back the full amount invested. Past performance is not an indication of future performance, provides no guarantee for the future and is not constant over time. Whilst an ETF will seek to track an Index, Invesco PowerShares does not guarantee that this will occur. When making an investment in an ETF you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. It is expected that shares in the ETFs will trade closely to their NAV, and because of the exchange-traded fund structure, it is expected that a significant discount or premium of price to asset value will not be sustainable over the long term. However, supply and demand in the shares on the relevant exchange together with any disruptions to creations and redemptions of units in the underlying fund may result in share prices that differ significantly from the NAVs and there can be no certainty that there will be liquidity in the shares on any exchange. Only Authorised Participants, as defined in the Full Prospectus of the ETF, can request the Manager to create and redeem units in the underlying fund. Any investment in an ETF should be made on the basis of the relevant Full Prospectus, KIIDs and Supplement, including consideration of the investment objective, risks, charges and expenses. Further information on the ETFs, including the KIIDs, Simplified Prospectuses and Supplements is available at, from your adviser or broker. This document is intended for information purposes in regard to the existence and potential benefits of investing in ETFs. However, it is not intended to provide specific investment advice including, without limitation, investment, financial, legal, accounting or tax advice, or to make any recommendations about the suitability of the ETF for the circumstances of any particular investor. You should take appropriate advice as to any securities, taxation or other legislation affecting you prior to investment.

France: This document is issued in France by Invesco Asset Management S.A., 18, rue de Londres, 75009 Paris.

The ETFs are not issued, sold or promoted by the index providers. The index providers make no warranties and bear no liability with respect to the ETFs. For more information about the index providers, please see the information available on the website on the Prospectus Page.

Source: Invesco PowerShares unless otherwise stated.

Daily NAV As at 23/10/2014
NAV EUR 4.57
Fund details As at 24/10/2014
Fund ticker PBW
ISIN code IE00B23D9133
Reuters code PSPBW.PA
Bloomberg ticker PBW FP
Structure Physical replication
Base currency EUR
Inception date 12/11/2007
Listing date 11/01/2008
Exchange NYSE Euronext, Paris
Number of holdings 103
Index details
Index name WilderHill New Energy Global Innovation Index
Bloomberg code NEX
Reuters code .NEX
Expense ratios
Total expense ratio (TER) 75 bps
As at 31/12/2010
Market cap &
As at 24/10/2014

style associations (%)
    Small-Cap Growth 32.85%
    Mid-Cap Growth 29.00%
    Mid-Cap Value 13.30%
    Large-Cap Growth 12.08%
    Large-Cap Value 4.91%
    Small-Cap Value 4.65%
    Unclassified style data 3.22%
Top holdings As at 24/10/2014
Company % of the Fund
Xinjiang Goldwind Science & Technology Co Ltd 1.91%
Acuity Brands Inc 1.89%
AO Smith Corp 1.82%
Huaneng Renewables Corp Ltd 1.79%
Aixtron SE 1.79%
China Longyuan Power Group Corp Ltd 1.78%
Nibe Industrier AB 1.74%
International Rectifier Corp 1.73%
Hanergy Thin Film Power Group Ltd 1.71%
Rockwool International A/S 1.70%
Fund Holdings subject to change
Characteristics As at 30/09/2014
Price/Earnings Ratio  47.13
Price/Book Ratio  2.01
ROE  3.69%
Ave Market Cap  3,992MM
Issued by Invesco Asset Management S.A.
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