Hard man "Duterte Harry" could play a key role over Southeast Asia's oil-rich islands.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the PowerShares DWA Emerging Markets Momentum Portfolio where we have detected an approximate $29.6 million dollar outflow -- that's a 9.6% decrease week over week (from 17,750,000 to 16,050,000). START SLIDESHOW:Click here to find out which 9 other ETFs experienced notable outflows » The chart below shows the one year price performance of PIE, versus its 200 day moving average: Looking at the chart above, PIE's low point in its 52 week range is $16.31 per share, with $20.22 as the 52 week high point — that compares with a last trade of $17.64.
In trading on Thursday, shares of the PowerShares DWA Emerging Markets Momentum Portfolio ETF entered into oversold territory, changing hands as low as $17.35 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
The new fund is a combination of quantitative screening and relative strength in a fund of funds.