PowerShares, the No. 4 U.S. ETF firm by assets, today trumpeted
the fact that the four
it, along with technical-analysis guru Tom Dorsey, brought to
market beginning almost six years ago together now have more than
$1 billion in assets under management.
Almost three-quarters of those assets are in the oldest of the
quintet, the $771 million PowerShares DWA Technical Leaders
Portfolio (NYSEArca:PDP), which outperformed the S&P 500 Index
last year, PowerShares said today in a press release.
The four portfolios make use of the "point and figure" relative
strength technical analysis Dorsey and his firm Dorsey Wright &
Associates have championed for 25 years. The funds are part of the
ETF world that is focused on so-called strategy indexing that
amounts to an attempt to outperform-in a rules-based, quasi-active
way-the broader market, as measured by capitalization-weighted
indexes like the S&P.
The four funds, their launch dates, and their assets are as
- PowerShares DWA Technical Leaders
Portfolio (NYSEArca:PDP), March 2007, $771.0 million
- PowerShares DWA Emerging Markets Technical Leaders
Portfolio (NYSEArca:PIE), December 2007, $275.9 million
- PowerShares DWA Developed Markets Technical Leaders
Portfolio (NYSEArca:PIZ), December 2007, $132.3 million
- PowerShares DWA SmallCap Technical Leader
Portfolio (NYSEArca:DWAS), July 2012, $18.1 million
PDP, the granddaddy of the four funds, returned 17.87 percent
last year compared with the S&P 500's 16 percent, PowerShares
The Wheaton, Ill.-based fund company also said the fund has
risen 14.93 percent in the past three years, compared with 10.86
percent for the S&P.
"It was a big deal when Dorsey Wright and Invesco PowerShares
introduced the Technical Leaders ETFs beginning in 2007; it really
gave investors a new way to implement relative strength
strategies," Tom Dorsey said in the press release.
"We believe that money managers will increasingly seek out
well-designed alpha-seeking investments like the PowerShares DWA
Technical Leaders ETFs that have demonstrated the potential to
improve portfolio performance."
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