Developed International Markets have been among the standouts in 2013 and the PowerShares DWA Developed Markets Momentum Portfolio (PIZ) has been particularly strong-outperforming its benchmark by 16%. Out of a universe of approximately 1000 stocks, this index is designed to select the 100 stocks with the best momentum characteristics (rebalanced quarterly).
Through 12/18/2013, PIZ is +29.79% YTD, while its benchmark, the MSCI EAFE Index (EFA) is +13.79%. Top holdings of PIZ are shown below:
Galaxy Entertainment Group Ltd (Hong Kong)
Galaxy Entertainment Group Limited, through its subsidiary, operates casino, hotel and other entertainment facilities in Macau. The company also manufactures sells and distributes construction materials.
Ezion Holdings Ltd (Singapore)
Ezion Holdings Limited, an investment holding company, develops, owns, and charters offshore assets; and provides offshore marine logistics and support services to the offshore oil and gas industries. It owns multi-purpose self-propelled jack-up rigs, which are used in well-servicing, commissioning, maintenance, and decommissioning of offshore platforms.
SJM Holdings Ltd (Hong Kong)
SJM Holdings Limited is the holding company of Sociedade de Jogos de Macau S.A. (“SJM”), one of the six companies authorised to operate casino games of fortune and other games of chance in casinos, under the terms of a concession granted by the government of the Macau Special Administrative Region in March 2002. SJM is the only casino gaming concessionaire with its roots in Macau, and is the largest in terms of gaming revenue and number of casinos.
Sports Direct International PLC (United Kingdom)
Sports Direct is the UK’s leading sports retailer by revenue and operating profit, and the owner of a significant number of internationally recognized sports and leisure brands. They operate about 400 sports stores in the UK.
Valeant Pharmaceuticals International (Canada)
Valeant Pharmaceuticals International, Inc., a specialty pharmaceutical company, develops, manufactures, and markets pharmaceutical products and medical devices in the areas of neurology, dermatology, and branded generics.
More information about PIZ can be found here. Performance shown above is price return only and does not includes any transaction charges. A list of all holdings for the trailing 12 months is available upon request. Past performance is no guarantee of future returns.
