Bring Some Sexy To Utilities ETFs

Benzinga on The PowerShares DWA Momentum ETF (PUI):

In addition to XLU, the PowerShares DWA Momentum ETF (ETF) (NYSE: PUI) has been enjoying the utilities sector resurgence this year. PUI, however, is a much different beast than traditional cap-weighted utilities ETF like XLU.

PUI tracks the Dorsey Wright Utilities Technical Leaders Index, which “is designed to identify companies that are showing relative strength (momentum),” according to PowerShares, the fourth-largest ETF issuer.

For size freaks, PUI probably was not on their radar until this year. The ETF has $116.6 million in assets under management, nearly $87.1 million of which has arrived this year. That makes PUI the fourth-best PowerShares ETF in terms of assets added.

As a momentum-based ETF, PUI is not exclusively allocated to large-caps. In fact, large-caps represent just over 23 percent of PUI’s weight, while small-caps account for nearly 31 percent of the fund.

PUI’s top 10 holdings include Duke Energy Corp (NYSE: DUK), NiSource Inc. (NYSE: NI) andWEC Energy Group Inc (NYSE: WEC).

Dorsey Wright is the index provider for PUI.  See for more information.  The relative strength strategy is NOT a guarantee.  There may be times where all investments and strategies are unfavorable and depreciate in value.

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