The advantages of PIZ are catching investors’ attention. PIZ has $727.3 million in assets under management, $407.1 million of which has come into the ETF over the past year, according to PowerShares data. Only six PowerShares ETFs have taken in more cash than PIZ over the past 12 months.
Upon further examination of PIZ, it is natural for investors to compare the ETF to rival funds that benchmark to the MSCI EAFE Index. Naturally, the next question should be how does PIZ stack up against the EAFE index. Quite well is the answer.
Over the past year, three years and five years, PIZ’s underlying index has soundly topped the EAFE index. PIZ has beaten cap-weighted ETFs benchmarked to the EAFE index in three of the past five years. [Some Smart Beta ETFs Top Their Benchmarks]
PowerShares DWA Developed Markets Momentum Portfolio
