What Are US Stock Prices Telling Us About 2015?

Furthermore, the Invesco PowerShares S&P 500 Downside Hedge Portfolio (PHDG) tracks a rules-based index strategy that dynamically rotates between the S&P 500 and futures on the CBOE Volatility Index (VIX), with a stop-loss mechanism that, if triggered, will move the fund to a 100% cash position. We believe this strategy can afford upside opportunity while potentially providing a hedge against market adversity.

Investors interested in learning more about smart beta volatility management solutions can visit the PowerShares product pages.

1 Source: Bloomberg LP as of Dec. 4, 2014

2 Source: S&P Dow Jones Indices as of Nov. 28, 2014

3 Source: Bloomberg LP as of Dec. 3, 2014

4 Sources: S&P and Bloomberg LP as of Nov. 28, 2014

Important Information

Before investing, investors should carefully read the prospectus/summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the Funds call 800 983 0903 or visit invescopowershares.com for prospectus/summary prospectus.