PowerShares ETFs Now a Part of Amvescap
September 19th at 10:14am by Tom Lydon
According to MarketWatch, Amvescap (AVZ)has completed its acquisition of PowerShares and its 37 exchange traded funds. These ETFs will be distributed by Amvescap’s AIM Investments arm. The acquisition is a quick way to put Amvescap into the growing ETF industry.
"The combination of PowerShares and AIM creates one of the broadest financial product suites available anywhere and the largest and most experienced ETF distribution force in the U.S.," said PowerShares CEO Bruce Bond.
