Invesco Ltd. (IVZ) Unit Launches New PowerShares ETF
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(Updated - July 15, 2016 3:03 PM EDT)
(Update corrects headline)
Invesco PowerShares Capital Management, LLC, a leading global provider of exchange-traded funds (ETFs), announced today the launch of the PowerShares DWA Momentum & Low Volatility Rotation Portfolio (DWLV), the first ETF to use DWA's powerful Dynamic Asset Level Investing (DALI) tool. DALI uses relative strength analysis to rank macro asset classes based on developing leadership trends within global capital markets.
"As one of the earliest pioneers of low volatility ETFs, we have seen the power of factor-based strategies in full force this year for investors around the world," said Dan Draper, Head of Invesco PowerShares. "In this new product, we're combining low volatility and momentum in a blended strategy that further demonstrates our belief that the future of portfolio construction will be driven by factor strategies."
DWLV is a one-ticket solution designed to provide exposure to the low volatility and momentum factors plus developing leadership trends within global capital markets.
Using DALI's relative strength analysis1, DWLV's underlying index ranks US equities, international equities and cash from strongest to weakest. Based on the relative strength results, the Index allocates among eight PowerShares US and international equity ETFs and cash (via 1- to 6-month US Treasury Bills).
"We are excited to launch this latest multi-factor strategy as part of our longstanding partnership with PowerShares," said Tammy DeRosier, President of Dorsey, Wright & Associates, a Nasdaq Company. "This index is a complimentary strategy to other DWA indices that underlie PowerShares ETFs, such as PowerShares DWA Tactical Sector Rotation Portfolio (DWTR) and PowerShares DWA Tactical Multi-Asset Income Portfolio (DWIN)."
Through its design, DWLV's underlying index offers pure exposure to the low volatility factor, without sector constraints, blended with an ability to identify meaningful momentum trends for potential diversification benefits. DWLV also offers global tactical exposure by tracking the Dorsey Wright Multi-Factor Global Equity Index, which systematically evaluates on a monthly basis the relative strength of six global asset classes in determining an allocation between US and international equity ETFs and cash.
To learn more about the Invesco PowerShares factor-based ETFs, please visit our Factor Investing page here: http://powershares.com/factor
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