Invesco PowerShares is seeking to roll out four new U.S. banks, insurance and finance-related exchange-traded funds (ETFs), Index universe reports. The money management firm has also filed with the Securities and Exchange Commission for the same.
The funds, which will be listed on NYSE Arca, will add to a number of bank-focused funds that the firm already offers. The PowerShares Bank Portfolio, the PowerShares Regional Banking Portfolio, the PowerShares Capital Markets Portfolio and the PowerShares Insurance Portfolio are the four new funds that are to be launched.
Click here for the story from Index Universe.