Invesco PowerShares lists financials ETFs

The ETFs began trading on the New York Stock Exchange on 1 November and PowerShares says it expects to see good demand for the products. "According to KBW research, as of March 2011, there was $3.7 billion tied to these four KBW financial indexes, which shows a great demand both for the financial sector, and for the KBW index line up," says Taylor Ames, from the Product Srategy and Research Group at Invesco PowerShares. "Although financials have been a more volatile asset class as of late, we believe that investors may see financials as an undervalued sector, and thus it may be worth ...