At least one strategist recently highlighted PDP as a top idea heading into 2014, noting that current leaders are likely to continue to generate impressive returns.
None of PDP’s 100 holdings account for more than 3.5% of the fund’s weight and top-10 holdings include familiar names such as Apple (NasdaqGM: AAPL), Priceline (NasdaqGM: PCLN), Gilead Sciences (NasdaqGM: GILD) and Starz (NasdaqGM: STRZ-A).
PDP will celebrate its seventh anniversary in March and earlier this year crossed the $1 billion in assets under management mark. The fund now has $1.1 billion in AUM, almost $217 million of which has come into the fund this year. In terms of 2013 inflows, PDP ranks tenth among all PowerShares ETFs, according to issuer data.
Powershares DWA Momentum Portfolio
Tom Lydon’s clients own shares of Apple.