PowerShares to List DWA Small-Cap ETF
The PowerShares DWA SmallCap Technical Leaders Portfolio will be the fourth PowerShares ETF based on the technical leaders strategy from Dorsey Wright & Associates (DWA). Technical Leaders are companies identified by the DWA selection methodology that possess strong relative strength characteristics compared to their peers and industry benchmarks, according to a statement issued by PowerShares.
DWAS will track the Dorsey Wright SmallCap Technical Leaders Index, which includes approximately 200 companies. The new ETF will be rebalanced on a quarterly basis.
Other PowerShares funds employing the Dorsey Wright methodology include the PowerShares DWA Developed Markets Technical Leaders Portfolio (NYSE: PIZ), the PowerShares DWA Emerging Markets Technical Leaders Portfolio (NYSE: PIE) and the PowerShares DWA Technical Leaders Portfolio (NYSE: PDP). PDP is the largest of that trio with $553.7 million in assets under management.
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