PowerShares DWA NASDAQ Momentum Portfolio (DWAQ) - NYSEARCA
DWAQ Description
The PowerShares DWA NASDAQ Momentum Portfolio (Fund) is based on Dorsey Wright NASDAQ Technical Leaders Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is chosen from a universe of approximately 1,000 common stocks having the largest market capitalizations and traded on the NASDAQ exchange. All securities in the universe are ranked using a proprietary relative strength (momentum) measure. Each security's score is based on intermediate and long-term price movements relative to a representative market benchmark and the other eligible securities. The top 100 securities are selected for the Index. The Fund and the Index are rebalanced and reconstituted quarterly.
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Country: United States
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