Nasdaq Dorsey Wright Indexes Sweep in Best Performing U.S. Smart Beta ETFs

 

 

 

Based on research conducted by ETFStream.com* and published in Beyond Beta, Nasdaq Dorsey Wright indexes were the basis for the top three performing U.S. ETFs for Q1 2019.

Invesco DWA Technology Momentum ETF (PTF) and Invesco DWA Nasdaq Momentum ETF (DWAQ) took first and second, up respectively. The Principal Healthcare Innovators Index ETF (BTEC), which tracks the Nasdaq US Health Care Innovators Index, took third place. 

PTF tracks Dorsey Wright Global Technical Leaders Index, which is designed to identify companies that are showing relative strength (momentum), and is composed of at least 30 securities from the Nasdaq US Benchmark Index. 

DWAQ is based on the Dorsey Wright Nasdaq Technical Leaders Index, comprised of approximately 100 securities from an eligible universe of large capitalization companies from the Nasdaq US Benchmark Index. 

The study did not include ETPs such as structured notes, leveraged and inverse funds, but only what the authors of the ETFSTREAM.COM study called ETFs in the familiar sense. 

According to the article, the top two performers in the US were both Invesco funds that “use the famous Dorsey Wright stock picking strategy. The strategy, basically, is built around the idea that…successful companies will maintain their momentum and continue succeeding." 

Over the last thirty years, the Nasdaq Dorsey Wright research platform, managed account strategies, indexes, and team of analysts have created more informed, conversations for advisors, investment managers and their clients. 

 

Dorsey, Wright & Associates, LLC, a Nasdaq Company, is a registered investment advisory firm. The information contained herein has been prepared without regard to any particular investor’s investment objectives, financial situation, and needs. Accordingly, investors should not act on any recommendation (express or implied) or information in this material without obtaining specific advice from their financial advisors and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources believed to be reliable (“information providers”). However, such information has not been verified by Dorsey, Wright & Associates, LLC (DWA) or the information provider and DWA and the information providers make no representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein. Neither the information nor any opinion expressed shall constitute an offer to sell or a solicitation or an offer to buy any securities, commodities or exchange traded products. This document does not purport to be complete description of the securities or commodities, markets or developments to which reference is made. 

Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss.

 

*Research conducted by ETFStream.com, published in Beyond Beta, Q2 2019.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.