Common use of Investment Analysis and Implementation Clause in Contracts

Investment Analysis and Implementation. In carrying out its obligations under Section 1 hereof, PowerShares shall: (a) supervise all aspects of the operations of the Company; (b) obtain and evaluate pertinent information about significant developments and economic, statistical and financial data, domestic, foreign or otherwise, whether affecting the economy generally or the Company, and whether concerning the individual issuers whose securities are included in the assets of the Company or the activities in which such issuers engage, or with respect to securities, commodities and/or derivatives which PowerShares considers desirable for inclusion in the Company’s assets; (c) determine which issuers and securities, commodities and/or derivatives shall be represented in the Company’s investment portfolio and regularly report thereon to the Directors of the Company; (d) formulate and implement continuing programs for the purchases and sales of the securities, commodities and/or derivatives of such issuers and regularly report thereon to the Directors of the Company; and (e) take, on behalf of the Company, all actions which appear to the Company necessary to carry into effect such purchase and sale programs and supervisory functions as aforesaid, including but not limited to the placing of orders for the purchase and sale of securities, commodities and/or derivatives for the Company.

Investment Analysis and Implementation. In carrying out its obligations under Section 1 hereof, PowerShares ICM shall: (a) supervise all aspects of the operations of the Company; (b) obtain and evaluate pertinent information about significant developments and economic, statistical and financial data, domestic, foreign or otherwise, whether affecting the economy generally or the Company, and whether concerning the individual issuers whose securities are included in the assets of the Company or the activities in which such issuers engage, or with respect to securities, commodities commodities, derivatives and/or derivatives other financial assets which PowerShares ICM considers desirable for inclusion in the Company’s 's assets; (c) determine which issuers and securities, commodities commodities, derivatives, and/or derivatives other financial assets shall be represented in the Company’s 's investment portfolio and regularly report thereon to the Directors of the Company; (d) formulate and implement continuing programs for the purchases and sales of the securities, commodities commodities, derivatives and/or derivatives other financial assets of such issuers and regularly report thereon to the Directors of the Company; and (e) take, on behalf of the Company, all actions which appear to the Company necessary to carry into effect such purchase and sale programs and supervisory functions as aforesaid, including but not limited to the placing of orders for the purchase and sale of securities, commodities commodities, derivatives and/or derivatives other financial assets for the Company.

Investment Analysis and Implementation. In carrying out its obligations under Section 1 hereof, PowerShares the Sub-Adviser shall: (a) supervise all aspects of the operations of the Company; (b) obtain and evaluate pertinent information about significant developments and economic, statistical and financial data, domestic, foreign or otherwise, whether affecting the economy generally or the Company, and whether concerning the individual issuers whose securities are included in the assets of the Company or the activities in which such issuers engage, or with respect to securities, commodities commodities, derivatives and/or derivatives other financial assets which PowerShares the Sub-Adviser considers desirable for inclusion in the Company’s 's assets; (c) determine which issuers and securities, commodities commodities, derivatives, and/or derivatives other financial assets shall be represented in the Company’s 's investment portfolio and regularly report thereon to the Directors of the Company; (d) formulate and implement continuing programs for the purchases and sales of the securities, commodities commodities, derivatives and/or derivatives other financial assets of such issuers and regularly report thereon to the Directors of the Company; and (e) take, on behalf of the Company, all actions which appear to the Company necessary to carry into effect such purchase and sale programs and supervisory functions as aforesaid, including but not limited to the placing of orders for the purchase and sale of securities, commodities commodities, derivatives and/or derivatives other financial assets for the Company.

Investment Analysis and Implementation. In carrying out its obligations duties under Section 1 hereof, PowerShares the Advisor shall: (a) supervise all aspects of the operations of the CompanyPortfolios; (b) obtain and evaluate pertinent information about significant developments and economic, statistical and financial data, domestic, foreign foreign, or otherwise, whether affecting the economy generally or the CompanyCompany or the Portfolios, and whether concerning the individual issuers whose securities are included in the assets of the Company Portfolios or the activities in which such issuers engage, or with respect to securities, commodities and/or derivatives securities which PowerShares the Advisor considers desirable for inclusion in the Company’s assets;Portfolios. (c) determine which issuers and securities, commodities and/or derivatives securities shall be represented in the Company’s investment portfolio Portfolios and regularly report thereon to the Directors Company's Board of the Company;Trustees; and (d) formulate and implement continuing programs for the purchases and sales of the securities, commodities and/or derivatives securities of such issuers issuers, and regularly report thereon to the Directors Company's Board of the CompanyTrustees; and (e) and take, on behalf of the CompanyCompany and the Portfolios, all actions which appear to the Company and the Portfolios necessary to carry into effect such purchase and sale programs and supervisory functions as aforesaid, including but not limited to the placing of orders for the purchase and sale of securities, commodities and/or derivatives for securities of the CompanyPortfolios.