is smiling on PowerShares
], or at least on one of its ETFs.
Eric Balchunas of the wire service profiled
unit's high-flying PowerShares DWA Emerging Market Technical Leaders Portfolio
, which is powered by Tom Dorsey
's Dorsey Wright Emerging Markets Technical Leaders Index
. Each quarter that index shifts and tracks only 100 emerging markets stocks (out of a pool of more than 2,000) that have performed best over the past six to twelve months.
The ETF has returned 14.6 percent year-to-date, compared to falls of 1 percent and 2.1 percent, respectively, in its giant, more traditional index rivals, the Vanguard FTSE Emerging Markets ETF
and the iShares MSCI Emerging Markets Index ETF
Neil Anderson, Managing Editor
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