Posted on 05/29/2012
We recently came across an article on Seeking Alpha titled "5 ETF Ideas For A Market Rebound". As the title suggests, the article highlights five ETFs that are worth looking at either for long term hold or intermediate play. Today, we are going to specifically highlight the PowerShares DWA Technical Leaders Portfolio (PDP) as shown below.
The PowerShares DWA Technical Leaders Portfolio ETF (PDP) provides exposure to 100 "high relative strength" US stocks out of a universe of about 1,500 U.S. common stocks. Traditional Indexes are commonly Capitalization-weighted, Price-weighed, or perhaps Equal-Weighted. PDP is instead strength-weighted, which allows the fund to take on a sector complexion very different than that of its benchmark (S&P 500) at times. We have highlighted PDP on multiple occasions in the past. Below are some PDP-related articles we have published in the past that you can access:
- 1/13/2012: Technical Leaders Update
- 1/31/2012: Under the Hood of PDP
- 3/2/2012: Happy 5th Birthday PDP!
- 3/5/2012: Further Discussion on PDP
- 4/9/2012: Consumer Cyclical Leadership in PDP