ETF Trends
ETF Trends

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.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.