NASDAQ OMX Lists PowerShares Multi-Strategy Altern

NEW YORK, May 30, 2014 (GLOBE NEWSWIRE) -- NASDAQ OMX today announced that PowerShares launched a new exchange traded fund (ETF), PowerShares Multi-Strategy Alternative Portfolio ETF (Symbol:LALT), which is listed on The NASDAQ Stock Market ^® (NASDAQ ^® ). LALT began trading on NASDAQ on Thursday, May 29, 2014.

"One of the primary goals for investors that use alternative strategies is to minimize exposure to equity and bond markets, and to achieve better risk-adjusted returns compared to portfolios consisting only of traditional asset classes," said Dan Draper, Invesco PowerShares Managing Director of Global ETFs. "LALT is designed to help investors reach their portfolio objectives by reducing the volatility of returns and mitigating the risk of drawdowns. Invesco PowerShares is committed to providing innovative tools to help investors achieve their goals of wealth accumulation and capital preservation."

The PowerShares Multi-Strategy Alternative Portfolio (LALT) employs a long-short strategy that seeks to provide a positive total return with low correlation to the broader securities markets through a cost efficient vehicle. ¹ Invesco Advisers, Inc., the sub-adviser to the Fund, selects investments for inclusion in the Fund's portfolio with reference to the components of the Morgan Stanley Multi-Strategy Alternative Index (the "Benchmark") using a quantitative process that seeks to exceed the Benchmark's performance, and delivers the strategy through a transparent and liquid vehicle.

"We are pleased to launch LALT in conjunction with our partners at PowerShares and we appreciate their confidence in choosing the NASDAQ marketplace for ETFs," said Dave LaValle, Head of Exchange Traded Product Listings at NASDAQ OMX. "We are committed to increasing the value of our partnership by continuing to fuel innovation in the listing and trading of Exchange Traded Products and acting as thought leaders and pioneers in the industry."

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 a home to 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.

About Invesco PowerShares:

Invesco PowerShares is leading the Intelligent ETF Revolution through its family of more than 140 domestic and international exchange-traded funds (ETFs). PowerShares ETFs seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. For additional information on PowerShares, please visit their website at https://www.invesco.com/portal/site/us/investors/etfs .

¹ Since ordinary brokerage commissions apply for each buy and sell transaction, frequent trading activity may increase the cost of ETFs. ETFs disclose their full portfolio holdings daily. 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 Unit aggregations only, typically consisting of 50,000 shares.

About NASDAQ OMX:

NASDAQ OMX (Nasdaq: NDAQ ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com .

Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX and its products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

The PowerShares Multi-Strategy Alternative Portfolio ETF has not been passed on by NASDAQ OMX as to its legality or suitability, and it is not issued or sold by NASDAQ OMX. NASDAQ OMX MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE POWERSHARES MULTI-STRATEGY ALTERNATIVE PORTFOLIO ETF.

Nothing contained herein should be construed as investment advice from NASDAQ OMX, either on behalf of a particular financial product or an overall investment strategy. NASDAQ OMX makes no recommendation to buy or sell any financial product or any representation about the financial condition of any company or fund. Investors should undertake their own due diligence and carefully evaluate financial products before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

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PowerShares Media Contact: Bill Conboy +1 (303) 415-2290 NASDAQ OMX Media Contact: Robert Madden +1 (646) 441-5045