Paul Britt of IndexUniverse, after noting the strong inflows of the PowerShares DWA Technical Leaders ETF (PDP), had the following to say about its appeal:
In the end, PDP’s performance over more recent periods should bolster its appeal to those willing to take a bit more risk in search of more return.
This makes it a viable middle-ground alternative between purely passive super-low-cost ETFs like VTI and traditional actively managed mutual funds, which often come with higher costs.
Without a doubt, PDP is just one of many ETFs that offer an alternative to pure-vanilla U.S equity exposure.
But importantly, PDP stands out from many in this crowd, as its strong liquidity, hefty asset base and history of avoiding radical risk clearly suggest.
Britt also noted that turnover in the index last year was 96%. As we discussed in our article Tax-Efficient Alpha, the combination of the tax-efficient ETF structure and our unique relative strength approach to indexing makes for a compelling investment solution.
See www.powershares.com for more information. Past performance is no guarantee of future returns.