Powershares launches in Europe

Invesco PowerShares, which manages nearly $35bn (€24bn) of assets in exchange-traded funds, will launch products on European exchanges from next Monday as European investors continue to spend billions of euros on ETFs.

Their arrival will shake up a crowded market, with Barclays Global Investors' iShares range jostling with funds from commodities specialist ETF Securities and Société Générale subsidiary Lyxor Asset Management.

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