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PowerShares to List DWA Small-Cap ETF

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Invesco's (NYSE: IVZ) PowerShares unit, the fourth-largest U.S. ETF issuer, will introduce the PowerShares DWA SmallCap Technical Leaders Portfolio (NYSE: DWAS) on Thursday July 19, 2012.

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.

Posted-In: News Broad U.S. Equity ETFs New ETFs Small Cap Analysis Small Cap Trading Ideas ETFs


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