PowerShares Adds Small Cap Technical Leaders ETF (DWAS)

Invesco PowerShares this week announced the latest addition to its lineup of ETFs, rolling out a fund that will utilize relative strength indicators to determine individual holdings. The PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS) will be the fourth PowerShares fund to utilize the DWA Technical Leaders strategy, seeking to replicate an index comprised of small cap U.S. stocks. Other products in the “Technical Leaders” suite include funds focused on the broad U.S. markets (PDP), emerging markets (PIE), and Developed Markets (PIZ). [Get alerts on all new ETF launches with the free ETFdb newsletter] Under The Hood DWAS will seek to replicate the Dorsey Wright SmallCap Technical Leaders Index, which includes about 200 small cap U.S. companies. The primary metric considered for inclusion in the index will be relative strength, which generally refers to a stock’s performance compared to the rest of the market. Several studies have shown that relative strength can [...] Click here to read the original article on ETFdb.com. Related Posts: 10 Most Useful New ETFs Of 2011 (For Buy-And-Hold Investors) Not Just EEM & VWO: Emerging Markets ETF Options Closer Look At Quant-Based ETFs March ETF Roundup: Launches, Filings, and Closures Trades In New FocusShares ETFs Busted