London Likes The Dollar-PowerShares Lists New ETFs on LSE

MarketsMuse ETF update profiles the latest entry to land of exchange-traded-funds with spotlight on Invesco PowerShares listing of U.S. dollar share class versions of its three exchange traded funds (ETFs) on the London Stock Exchange, allowing investors to access U.S. equity markets and trade in the rising domestic currency. Giving credit when due, below is extract from

Its three funds – the PowerShares EQQQ NASDAQ-100 UCITS ETF, the PowerShares FTSE RAFI US 1000 UCITS ETF and the PowerShares Dynamic US Market UCITS ETF now all trade in USD and GBP, in response to growing client demand, according to PowerShares. A note from the provider said that in 2014, there was over $110 billion worth of trades in USD across the LSE’s 600 ETP listings, which made up the vast majority of such ETP trades across Europe.

Bryon Lake, head of Invesco PowerShares – EMEA, said the trend for USD listings is increasing and that is why the provider now offers dual listings of its products.

“This is all part of our strategy to broaden our offering in Europe and to enable investors to gain further exposure to key investment strategies,” he said.