Invesco PowerShares Capital Management LLC plans to list the PowerShares DWA SmallCap Technical Leaders Portfolio on July 19 on the NYSE Arca.

The new fund is expected to trade under the ticker DWAS and represents the first US small-cap ETF based on the concept of relative strength ranking.

The PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS) is based on the Dorsey Wright SmallCap Technical Leaders Index. The fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index, which includes some 200 companies. The Fund is rebalanced and reconstituted quarterly.

The SmallCap Portfolio will be the fourth ETF that Invesco PowerShares has listed based on the DWA Technical Leaders strategy since 2007.

“We are pleased to once again partner with Dorsey, Wright & Associates for the PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS), providing investors with a full suite of Technical Leaders ETFs based on the firm’s respected research.” stated Ben Fulton, Invesco PowerShares managing director of global ETFs. “The DWA Technical Leaders strategy, based on relative strength, is widely followed by advisors and professional asset managers.”


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