Want to know how important ETFs are to Dorsey Wright and to our entire industry? Read this Q&A with IndexUniverse and Tom Dorsey. Here’s the summary:
Tom Dorsey, president and founder of Dorsey Wright & Associates, can’t say enough positive things about ETFs. His business of point and figure technical analysis is now focused on ETFs, and their role in all that he does will only increase.
When IndexUniverse.com Managing Editor Olly Ludwig caught up with Dorsey on the sidelines of IndexUniverse’s Inside Trading ETFs conference last week at the New York Stock Exchange, Dorsey predicted that one of the four ETFs it created with Invesco PowerShares, the PowerShares DWA Technical Leaders Portfolio (NYSEArca: PDP), is likely to cross the $1 billion threshold sometime early next year.
That’s hardly a surprise to Dorsey, who considers the ETF the most important financial innovation in his 37-year career in the money management industry, and sees the development so far amounting to the first foot of a 26-mile marathon.
