ETF Capital Markets

The PowerShares by Invesco Global Capital Markets team is an integrated team of professionals that serves as the central point of contact for both primary and secondary market ETF activity. The team maintains relationships with market makers, authorized participants and other sell-side firms to oversee ETF trading activity. In addition, the group offers liquidity and execution services to support and empower our clients.

The PowerShares Global Capital Markets Team provides three core functions globally:

The liquidity and execution services team is in place to help financial advisors and institutional clients through the ETF trading process. The team helps clients assess the potential liquidity of PowerShares ETFs, developing a client-specific trading strategy and evaluating the potential impact of a trade.

As ETFs trade in the secondary market and cannot be purchased directly through the ETF issuer, efficient trading is dependent on the ETF market maker community. The PowerShares Global Capital Markets team works with various market making firms, A.P.s and other sell-side firms to ensure these parties may effectively make markets in PowerShares products. In addition, the team continuously monitors secondary market activity, assessing and tracking market maker performance, evaluating spreads and monitoring trading activity.

The PowerShares Global Capital Markets team provides actionable market commentary to our clients. This involves assimilating and distilling high quality buy-side and sell-side research into ETF investment strategies and providing market perspectives.

click here to view the video The significance of fixed income ETFs

Jul. 30, 2015 | Ken Dolan & Tim Urbanowicz, CFA

PowerShares' Tim Urbanowicz sits down with Ken Dolan, SVP of ETF trading at Jefferies Securities, to discuss why fixed income ETFs are becoming the vehicle of choice for sophisticated institutional investors.

Dive deeper

PowerShares: Fixed income ETF liquidity primer
Learn more about the costs and benefits of fixed income ETFs, how primary and secondary markets affect liquidity, and take a step back in time to see how ETFs have reacted to previous market disruptions.

click here to view the video ETF valuation and arbitrage

Jul. 30, 2015 | Chris Hempstead & Tim Urbanowicz, CFA

ETF prices reflect the value of an ETF's underlying basket of securities. When significant discounts and premiums arise, arbitrage opportunities quickly correct these imbalances. PowerShares' Tim Urbanowicz sits down with Chris Hempstead, Head of ETF Sales and Trading at KCG, to discuss the interplay of arbitrage and ETF pricing.

Dive deeper

PowerShares: Fixed income ETF liquidity primer
Learn more about the costs and benefits of fixed income ETFs, how primary and secondary markets affect liquidity, and take a step back in time to see how ETFs have reacted to previous market disruptions.

click here to view the video click here to view the video

Jul. 30, 2015 | Chris Hempstead & Tim Urbanowicz, CFA

Chris Hempstead, Head of ETF Sales and Trading at KCG, was on the trading floor for the very first PowerShares QQQ trade in March 1999. From manual quotes to today's sophisticated price-streaming platforms, Mr. Hempstead discusses the remarkable evolution of ETF trading with PowerShares' Tim Urbanowicz.

Dive deeper

PowerShares: Fixed income ETF liquidity primer
Learn more about the costs and benefits of fixed income ETFs, how primary and secondary markets affect liquidity, and take a step back in time to see how ETFs have reacted to previous market disruptions.


Important Information

High Yield: High-yield securities have additional risks, including interest rate changes, decreased market liquidity and a larger amount of outstanding debt than investment-grade securities.

Alternative strategies typically are subject to increased risk and loss of principal. Consequently, investments such as exchange-traded funds which focus on alternative strategies are not suitable for all investors.

Smart Beta: An alternative and selection index based methodology that may outperform a benchmark or reduce portfolio risk, or both in active or passive vehicles. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

Correlation: Indicates the degree to which two investments have historically moved in the same direction and magnitude.

Duration, which measures the price sensitivity of a fixed income investment to interest rate changes, is the number of years it will take a bond's cash flow to repay an investor the bond's purchase price.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including short selling and margin maintenance. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index.