DWAS is even more interesting to look at right now given the huge break-out that we have seen in Small Cap equities in the past two sessions, as one can look no farther than a short term price chart of IWM (iShares Russell 2000, Expense Ratio 0.24%) for confirmation of this.
Fund flows have been modest in these funds lately, as PDP has only pulled in about $11 million year to date, while DWAS, which is actually bumping up against its 200 day moving average for the first time this morning for the first time since late April, has actually seen net asset outflows year to date ($-119 million).
PowerShares DWA SmallCap Momentum Portfolio
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