Invesco is set to take advantage of a delay in the launch of the Exchange Traded Fund (ETF) service in London. Evidently, the company will make light of the situation and take this time to expand the number of funds available from the launch. Originally due on November 12, registration problems are in the way. The service is a subsidiary of PowerShares in the U.S., reports David Campbell for CityWire.
This is the latest in a series of launches going on in the London exchange over the past few months. This is the first of 12 planned offerings, and by U.K. standards, the average 0.75 expense ratios are a bargain, reports HedgeWeek. ETF interest in the U.K. is skyrocketing: according to PowerShares President Bruce Bond, the use of ETFs has grown 60% in the last three years. The time to expand the range of products across the pond is now.
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