Exchange-traded fund provider Invesco PowerShares Capital Management has marked the one-year anniversary of the PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS).
Listed on 19 July 2012, the PowerShares DWA SmallCap Technical Leaders Portfolio is part of the broad suite of DWA Technical Leaders ETFs covering US, developed and emerging market segments.
Since inception, DWAS has outperformed the Russell 2000 Index market-cap weighted benchmark by a margin of 9.44 per cent. For the one-year period ending 19 July 2013, DWAS achieved a total return of 41.84 per cent based on NAV, outperforming the Russell 2000 Index which had a total return of 32.40 per cent during the same period.
“The PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS) is the small-cap complement to the PowerShares DWA Technical Leaders Portfolio (PDP),” says Andrew Schlossberg, head of global ETFs. “Together with the PowerShares DWA Emerging Markets Technical Leaders Portfolio (PIE), and PowerShares DWA Developed Markets Technical Leaders Portfolio (PIZ) investors can efficiently tap the alpha-seeking potential of momentum factor-based ETFs globally. As the leading provider in smart beta ETFs, we see a lot of potential for focused factor-based strategies to help investors achieve their goals, whether it’s seeking to enhance returns, reduce risk, or both.”
“We are proud to partner with Invesco PowerShares on momentum factor-based ETFs, and look forward to a long lasting relationship as we expand our global presence,” says Tom Dorsey, president and chief executive of Dorsey, Wright & Associates (DWA).
