At the country level, the U.K accounts for over 29% of PIZ’s weight, but the ETF is well-allocated to countries with AAA sovereign credit ratings. Seven in fact, a group comprised of Germany, Switzerland, Hong Kong, Singapore, Sweden, Denmark and Canada. However, the “secret sauce” for PIZ may be its almost 51% weight to mid-caps, further proof that smart beta strategies can in fact work for investors under the right circumstances.
PowerShares DWA Developed Markets Technical Leaders Portfolio
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of EFA.