PowerShares DWA Technical Leaders ETFs Pass $1 Billion AUM Mark
January 15 2013 - 9:30AM
Marketwired
Invesco PowerShares Capital Management LLC, a leading global
provider of exchange-traded funds (ETFs), announced today the
PowerShares DWA Technical Leaders family of ETFs recently surpassed
$1 billion in total assets. PowerShares DWA Technical Leaders ETFs,
based on the Dorsey Wright & Associates (DWA) relative strength
index methodology, were among the first factor-driven ETFs
available in the U.S. marketplace.
PowerShares DWA Technical Leaders Strategies:
- PDP -- PowerShares DWA Technical
Leaders™ Portfolio
- PIE -- PowerShares DWA Emerging Markets
Technical Leaders Portfolio
- PIZ -- PowerShares DWA Developed Markets
Technical Leaders Portfolio
- DWAS -- PowerShares DWA SmallCap
Technical™ Leaders
Portfolio
"We are very pleased to celebrate the PowerShares DWA Technical
Leaders ETFs' $1 billion AUM milestone," said Ben Fulton, Invesco
PowerShares managing director of Global ETFs. "Dorsey Wright is one
of the foremost experts in Relative Strength strategies, which are
well-suited for the ETF structure. Asset growth for the PowerShares
DWA Technical Leaders ETFs accelerated in 2012, and having achieved
such a positive performance track record, we would expect that
trend to continue."
In 2012, the largest of the Technical Leaders funds, PDP,
returned 17.87%, while the S&P 500 Index returned 16.00%,
resulting in an outperformance by PDP of 1.87%. Additionally, PDP
has gained 14.93% per year in the past 3 years, compared to 10.86%
for the S&P 500.*
Tom Dorsey, President of Dorsey, Wright & Associates added:
"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.
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."
----------------------------------------------------------------------------
Standardized performance as
of Dec. 31, 2012 PDP PIE PIZ DWAS
----------------------------------------------------------------------------
Since Fund Inception 3/1/2007 12/28/2007 12/28/2007 7/19/2012
----------------------------------------------------------------------------
NAV 3.05% -5.38% -2.84% 7.57%
----------------------------------------------------------------------------
After Tax Held 2.91% -5.58% -3.43% 7.26%
----------------------------------------------------------------------------
After Tax Sold 2.53% -4.61% -2.74% 4.92%
----------------------------------------------------------------------------
Market Price 3.01% -5.36% -2.75% 7.56%
----------------------------------------------------------------------------
DWAS is a new fund and therefore does not have a full year of
performance to report as of the most recent quarter end.
Performance data quoted represents past performance. As stated in
the Funds' prospectus, the expense ratio of 0.67%, 0.90%, 0.80% and
0.60%, respectively, are expressed as a unitary fee to cover
expenses incurred in connection with managing the portfolio. Past
performance is not a guarantee of future results; current
performance may be higher or lower than performance quoted.
Investment returns and principal value will fluctuate and Shares,
when redeemed, may be worth more or less than their original cost.
See invescopowershares.com to find the most recent month-end
performance numbers. After Tax Held represents total return after
taxes on distributions and assumes Shares have not been sold. After
Tax Sold represents total return after taxes on distributions and
the sale of Fund Shares. After-tax returns reflect the highest
federal income tax rate but exclude state and local taxes. Market
returns are based on the midpoint of the bid/ask spread at 4 p.m.
ET and do not represent the returns an investor would receive if
shares were traded at other times.
Alpha is a measure of performance on a risk-adjusted basis.
PowerShares DWA Technical Leaders ETFs are based on "Relative
Strength", a measure of a stock's performance in relation to other
investment options. Numerous studies have demonstrated relative
strength can be a powerful tool for stock selection. A key strength
of this methodology is that it's based on unbiased, objective
market data, as opposed to a more subjective forecasting and
research model. Technical Leaders are companies identified by the
DWA selection methodology that possess strong relative strength
characteristics compared to their peers and industry
benchmarks.
About Dorsey, Wright & Associates Dorsey, Wright &
Associates (DWA) is an independent and privately owned registered
investment advisory firm based in Richmond, Virginia. Thomas Dorsey
and Watson Wright founded Dorsey, Wright & Associates in 1987
to provide technical equity analysis services to professional and
individual investors. Today, DWA remains a leader in Point &
Figure analysis and Relative Strength investing. Dorsey Wright
maintains a Global Technical Research Platform, available by
subscription, and provides advisory and sub-advisory services
through its Money Management division. For more information, please
visit dorseywright.com.
Invesco PowerShares Capital Management LLC is Leading the
Intelligent ETF Revolution® through its family of more than 140
domestic and international exchange-traded funds, which seek to
outperform traditional benchmark indexes while providing advisors
and investors access to an innovative array of focused investment
opportunities. With franchise assets over $70 billion as of Dec.
31, 2012, PowerShares ETFs trade on both U.S. stock exchanges. For
more information, please visit us at invescopowershares.com or
follow us on Twitter @PowerShares.
Invesco, Ltd. Is a leading independent global investment
management firm, dedicated to helping investors worldwide achieve
their financial objectives. By delivering the combined power of our
distinctive investment management capabilities, Invesco provides a
wide range of investment strategies and vehicles to our retail,
institutional and high net worth clients around the world.
Operating in more than 20 countries, the firm is listed on the New
York Stock Exchange under the symbol IVZ. Additional information is
available at www.invesco.com.
There are risks involved with investing in ETFs, including
possible loss of money. Shares are not actively managed and are
subject to risks similar to those of stocks, including those
regarding short selling and margin maintenance requirements.
Ordinary brokerage commissions apply. The Funds' return may not
match the return of the Underlying Index.
Not FDIC Insured | May Lose Value | No Bank
Guarantee
Shares are not individually redeemable and owners of the shares
may acquire those shares from the Fund and tender those shares for
redemption to the Fund in Creation Units only, typically consisting
of aggregations of 50,000 shares.
PowerShares® is a registered trademark of Invesco PowerShares
Capital Management LLC (Invesco PowerShares). Invesco PowerShares
Capital Management LLC and Invesco Distributors, Inc. are indirect,
wholly owned subsidiaries of Invesco Ltd.
An investor should consider the Fund's
investment objective, risks, charges and expenses carefully before
investing. For this and more complete information about the Fund
call 800 983 0903 or visit invescopowershares.com for a prospectus.
Please read the prospectus carefully before investing.
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Media Contacts: Kristin Sadlon Porter Novelli
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