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Sector Update: Financial

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Financial stocks were falling pre-bell Monday with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.5%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.4% higher.

Invesco (IVZ) and CI Global Asset Management said they have completed the transfer of management agreements for Invesco's Canadian fund business, covering about 27 billion Canadian dollars ($19.52 billion) in assets under management. Shares of Invesco were down more than 1% premarket.

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