Financial Sector Update for 06/09/2023: PX, APCX, UBS, CS, XLF, FAS, FAZ
Financial stocks were declining pre-bell Friday as the Financial Select Sector SPDR Fund (XLF) was about 0.2% lower. The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.7% and bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% higher.
P10's (PX) Bonaccord Capital Partners said it has signed a strategic partnership with Asia Heritage to provide support to Bonaccord's portfolio companies in implementing capital formation initiatives in Asia. P10 was slipping past 1% recently.