Exhibit 99.1
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Ernst & Young LLP 5 Times Square New York, NY 10036-6530 |
Tel: +1 212 773 3000 Fax: +1 212 773 6350 ey.com |
February 7, 2014
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Ladies and Gentlemen:
We have read Item 4.01 of Form 8-K dated February 4, 2014 (to be filed on February 7, 2014), of PowerShares QQQ Trust, Series 1 and are in agreement with the statements contained in the second and third paragraphs on page 2 therein. We have no basis to agree or disagree with other statements of the registrant contained therein.
Very truly yours,
/s/ Ernst & Young LLP