PowerShares May List Dorsey-Wright Small-Cap ETF

Invesco's IVZ PowerShares, the fourth-largest U.S. ETF sponsor, has filed plans with the Securities and Exchange Commission to possibly introduce the PowerShares DWA SmallCap Technical Leaders Portfolio, an ETF that would be based on an index of technically superior small-caps created by Dorsey-Wright Associates. A ticker and expense ratio were not included in the filing. PowerShares currently has several ETFs based on Dorsey-Wright indexes, including the PowerShares DWA Developed Markets Technical Leaders Portfolio PIZ, the PowerShares DWA Emerging Markets Technical Leaders Portfolio PIE and the PowerShares DWA Technical Leaders Portfolio PDP. PDP is the large-cap equivalent of the small-cap fund PowerShares has filed for. Introduced in 2007, PDP has an expense ratio of 0.7% and $543.8 million in assets under management. PowerShares had 122 ETFs with a combined $58.6 billion in AUM at the end of March, according data from the ETF Industry Association. Follow me on Twitter: @ETFProfessor1