Invesco PowerShares

Invesco PowerShares is a boutique investment management firm based near Chicago which manages a family of exchange-traded funds or ETFs. The company has been part of Invesco, which markets the PowerShares product, since 2006.

Created in 2002, PowerShares funds use quantitative indices as a benchmark. There are currently over 120 PowerShares ETFs.

PowerShares cover and emulate a variety of market indices; for example, the PowerShares QQQ (NASDAQ: QQQ) is designed to replicate the NASDAQ-100 Index. The PowerShares QQQ is one of the most widely traded shares on the stock market, according to writer John J. Murphy.

PowerShares ETFs also cover the commodities market, diversified and tiny or microcap stocks. For instance, the PowerShares DB Commodity Index Tracking Fund, or DBC, which it developed with Deutsche Bank, allows for individual investors to invest in commodities by means of its ETF. The PowerShares DB Oil Fund (DBO) deals with the crude oil index.

History

The company was founded in 2002 as PowerShares Capital Management.