Weekly roundup: PowerShares plans sector ETFs; RBS adds to ETN range

Invesco PowerShares is planning to list four sector ETFs in US. The ETFs will track KBW indices for the banking, capital markets, insurance and regional banking sectors. PowerShares has exclusive rights to the indices; the State Street ETFs currently tied to the indices will remain in existence but they will no longer track the indices. The PowerShares ETFs are expected to begin trading on 1 November. RBS has added to its suite of ETNs with the RBS Global Big Pharma ETNs, which are listed on the New York Stock Exchange. The notes track the NYSE Arca Equal Weighted Pharmaceutical...