Nice write-up on Dorsey Wright & Associates in the Wall Street Journal today.
Thirty-five years after Mr. Dorsey started sketching out buy and sell signals with paper and pen, his firm, Dorsey Wright & Associates, is the engine behind 16 exchange-traded funds and oversees $5.1 billion in assets. That is up from $1.6 billion less than three years ago.
The article also highlights our largest ETF (PDP):
The largest ETF managed by Mr. Dorsey, the $1.3 billion PowerShares DWA Momentum Portfolio, has seen its price rise 62% since inception on March 1, 2007, while the S&P 500 index has risen 40% during that time. Including dividends, the Momentum ETF is ahead of the S&P by three percentage points. So far this year, the ETF’s price has risen 6.4%, compared with a 6.3% rise in the S&P 500. It has outperformed 92% of ETFs in its Morningstar category.
A relative strength strategy is NOT a guarantee. There may be times where all investments and strategies are unfavorable and depreciate in value. Dorsey Wright & Associates is the index provider for PDP. See www.powershares.com for more information.
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