A recent press release states PowerShares Capital Management will continue to "lead the intelligent ETF (exchange traded funds) revolution". They have received rights from Dorsey, Wright and Associates to use the Dorsey Wright Technical Leaders Index for ETFs in the United States. Anticipated listing date is March 1, 2007, for the PowerShares DWA Technical Leaders Portfolio on the New York Stock Exchange.
The particular index is made up of 100 U.S. listed securities based on a proprietary methodology that incorporates relative strength along with other factors. The large-and mid-cap securities with the most relative strength characteristics will be selected. The standout feature of this index is that it will adapt over time to changes in market leadership.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.