CHICAGO, IL--(Marketwired - Jul 24, 2013) - Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today celebrates the one-year anniversary of the PowerShares DWA SmallCap Technical Leaders™ Portfolio (DWAS). Listed July 19, 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, the PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS) has outperformed the Russell 2000 Index market-cap weighted benchmark by a margin of 9.44%. For the one-year period ending July 19, 2013, DWAS achieved a total return of 41.84% based on NAV, outperforming the Russell 2000 Index which had a total return of 32.40% during the same period. (Note: total return figures include all dividends).1
"The PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS) is the small-cap complement to the PowerShares DWA Technical Leaders Portfolio (PDP)," said 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.2 As the leading provider in smart beta ETFs,3 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," said Tom Dorsey, president and CEO of Dorsey, Wright & Associates, LLC.
DWAS Standardized Performance as of June 30, 2013.
| Fund History (%) |
|
Fund Inception |
| NAV |
|
31.54 |
| After Tax Held |
|
31.29 |
| After Tax Sold |
|
18.08 |
| Market Price |
|
31.83 |
As stated in the Fund's prospectus, the expense ratio of 0.61% is 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.
1 Source: Bloomberg L.P., as of July 19, 2013
2 Alpha is a measure of performance on a risk-adjusted basis.
3 Smart beta is an attempt to implement a methodology or strategy to provide an alternative market/index beta that seeks to offer a benefit to investors.
The PowerShares DWA Technical Leaders ETFs, based on the Dorsey Wright & Associates (DWA) index methodology, were the first momentum ETFs available in the US marketplace. The PowerShares DWA Technical Leaders ETFs, initially launched beginning in 2007, have $1.6 billion in assets under management as of June 30, 2013.
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
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 compared to their peers and industry benchmarks.
About Dorsey, Wright & Associates, LLC
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, sub-advisory and licensing 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 $78 billion as of June 30, 2013, PowerShares ETFs trade on both US 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.
The Dorsey Wright SmallCap Technical Leaders Index (Underlying Index) is calculated by Dow Jones, the marketing name and a licensed trademark of CME Group Index Services LLC ("CME Indexes"). "Dow Jones Indexes" is a service mark of Dow Jones Trademark Holdings LLC ("Dow Jones").
Products based on the Dorsey Wright SmallCap Technical Leaders Index(SM), are not sponsored, endorsed, sold or promoted by CME Indexes, Dow Jones and their respective affiliates make no representation regarding the advisability of investing in such product(s).
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.
Investments focused in a particular industry are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.
Investing in securities of small capitalization companies may involve greater risk than is customarily associated with investing in large companies.
The PowerShares DWA SmallCap Technical Leaders Portfolio is considered non-diversified and may be subject to greater risks than a diversified fund.
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.
The Russell 2000® Index is an unmanaged index considered representative of small-cap stocks. The Russell 2000® Index is a trademark/service mark of the Frank Russell Co. Russell® is a trademark of the Frank Russell Co. The Dorsey Wright SmallCap Technical Leaders Index includes securities pursuant to a Dorsey, Wright & Associates, LLC proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics based on the company's market performance.
Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust II. Invesco Distributors Inc. is not affiliated with Dorsey, Wright & Associates, LLC.
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 Funds' investment objectives, risks, charges and expenses carefully before investing. For this and more complete information about the Funds call 800 983 0903 or visit invescopowershares.com for a prospectus. Please read the prospectus carefully before investing.