Invesco PowerShares launches KBW financial sector ETFs

Nov 2nd, 2011 | By | Category: Equities

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Invesco PowerShares has expanded its partnership with Keefe, Bruyette & Woods, the specialist financial sector investment bank, to become the licensee of four KBW indexes providing targeted access to the bank, capital markets and insurance sectors.

“We are looking forward to providing investors a way to gain access to these key financial sub-sector indexes,” said Ben Fulton, managing director of global ETFs at Invesco PowerShares

The four ETFs are as follows:

The PowerShares KBW Bank Portfolio (KBWB) is based on the KBW Bank Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US.  The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts.

The PowerShares KBW Regional Banking Portfolio (KBWR) is based on the KBW Regional Banking Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is an equal weighted float-adjusted market capitalization index that seeks to reflect the performance of publicly traded companies that do business as regional banks or thrifts listed on US stock markets. The Index is compiled, maintained and calculated by KBW and is composed of approximately 50 companies.

The PowerShares KBW Capital Markets Portfolio (KBWC) is based on the KBW Capital Markets Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges that are publicly traded. The Index is compiled, maintained and calculated by KBW.

The PowerShares KBW Insurance Portfolio (KBWI) is based on the KBW Insurance Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies in the insurance industry that are publicly traded in the US. The Underlying Index is compiled, maintained and calculated by KBW and is composed of 24 companies representing approximately three-quarters of the market capitalization of the entire US public insurance company universe.

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