PowerShares to Launch Four New International Portfolio ETFs

On June 25, 2007 PowerShares family of exchange-traded funds will launch the first wave of PowerShares FTSE RAFI International Portfolios, which use a fundamental approach to select and weight companies in the index. The funds anticipated to launch are:

PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio (PXF)
PowerShares FTSE RAFI Asia Pacific ex-Japan Portfolio (PAF)
PowerShares FTSE RAFI Europe Portfolio (PEF)
PowerShares FTSE RAFI Japan Portfolio (PJO)

Similar to the approach used by industry professionals, companies are weighted not simply by a single measure such as market-capitalization, dividends or earnings, but rather by the size of their fundamentals. Companies are selected based on the following four fundamental measures of size: sales, cash flow, book value and dividends.

The indexes on which the portfolios are based utilize an investable, liquid universe of more than 2,000 global equities that span more than 20 countries. These indexes are designed to track the performance of some of the largest global region or country-specific equities.