PowerShares QQQ, has entered into a multi-year partnership to serve as the title sponsor for the NASCAR XFINITY Series season opener at Daytona International Speedway (DIS), part of Speedweeks 2016. The 120-lap, 300-mile race will be known as the PowerShares QQQ 300, taking place February 20, 2016. PowerShares QQQ™ is an exchange-traded fund based on the Nasdaq-100 Index®.
“We’re excited about forming this new relationship with PowerShares QQQ,” Daytona International Speedway President Joie Chitwood III said. “Daytona International Speedway and DAYTONA Rising, our $400 million redevelopment project, are great platforms for new partners to showcase their brands to our passionate NASCAR race fans at the ‘World Center of Racing.’ ”
“Invesco PowerShares QQQ ETF was created on the core principles of powerful performance, deep technology experience and building a sustainable track record,” said Dan Draper, Global Head of Invesco PowerShares. “As technology evolves and the ETF business becomes faster while needing to maintain precision, we see great synergies between our goals of continuing to deliver on that track record in the same sense that NASCAR aims to execute through its races.”
The events during Speedweeks 2016 will be the first to be held at DIS following the completion of the $400 million DAYTONA Rising redevelopment project. Race fans will experience new amenities such as wider and more comfortable seats, spacious concourses, escalators and elevators, twice as many restrooms and three times as many concessions and merchandise stands and two new larger video display boards.
Tickets for the PowerShares QQQ 300 as well as other Speedweeks 2016 events are available at www.daytonainternationalspeedway.com or by calling 1-800-PITSHOP. Fans can stay connected with Daytona International Speedway on Twitter, Facebook, Pinterest and YouTube for the latest news throughout the season. Fans also can follow the latest on DAYTONA Rising, the $400 million frontstretch renovation at the “World Center of Racing” by using #DAYTONARising on Twitter or visiting www.daytonarising.com.
About Invesco PowerShares Capital Management LLC and Invesco, Ltd.
Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 140 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets of nearly $100 billion as of October 2, 2015. PowerShares ETFs trade on both US stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
ALPS Distributors, Inc. in the distributor of PowerShares QQQ, BLDRS Fund and PowerShares DB Funds. PowerShares QQQ and BLDRS Funds are unit investment trusts. Invesco PowerShares and Invesco Distributors, Inc. are not affiliated with ALPS Distributors, Inc.
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.
An investment in the Fund involves risk, including loss of principal.
About Daytona International SpeedwayDaytona International Speedway is the home of "The Great American Race" - the DAYTONA 500. Though the season-opening NASCAR Sprint Cup event garners most of the attention - as well as the largest audience in motorsports - the approximately 500-acre motorsports complex boasts the most diverse schedule of racing on the globe, thus earning it the title of "World Center of Racing." In addition to eight major weekends of racing activity, rarely a week goes by that the Speedway grounds are not used for events that include civic and social gatherings, car shows, photo shoots, production vehicle testing and police motorcycle training.