Forbes points out that the PowerShares DWA Emerging Markets Technical Leaders Index (PIE) was the recipient of of some rather large flows over the past week:
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the DWA Emerging Markets Technical Leaders Portfolio (AMEX: PIE) where we have detected an approximate $60.2 million dollar inflow — that’s a 27.8% increase week over week in outstanding units (from 11,850,000 to 15,150,000). Among the largest underlying components of PIE, in trading today Tata Motors Ltd (NYSE: TTM) is up about 0.3%, Cosan Ltd (NYSE: CZZ) is up about 1.4%, and Companhia Brasileira de Distribuicao (NYSE: CBD) is up by about 1.1%.
A chart of PIE over the past 6 months is shown below:
Source: Yahoo! Finance
See www.powershares.com for more information.
