Invesco PowerShares Dynamic Market Portfolio (AMEX: PWC) recently celebrated its five-year anniversary. Since its inception through May 1, 2008, PWC outpaced the S&P 500 Index by a cumulative 21.76% and the Lipper Multi-Cap Core Mutual Fund Average by a cumulative 14.25%, without distributing a capital gain to its shareholders.
For the five-year period ended May 1, 2008, PWC had an annualized return of 13.38% and cumulative return of 87.36%, outperforming the S&P 500, that had an annualized return of 10.61% and cumulative return of 65.60%, and the Lipper Multi-Cap Core Mutual Fund Average which had an annualized return of 11.60% and cumulative return of 73.11%. This performance was achieved with similar risk characteristics as the market, as the fund had a beta of 1.02 for the five-year period.
PWC, along with the family of 39 other Dynamic ETFs, seek to provide alpha through a patented, enhanced indexing methodology. The AMEX Intellidex® Methodology is a quantitative, rules-based selection process that evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors, rather than by market-cap alone.
Additionally, 100% of the three Broad Market Intellidexes and 75% of the 21 Style and Sector Intellidexes have outperformed their respective benchmarks over the past five years.
See the standardized performance table below for complete performance information.