NEW YORK, June 08, 2018 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a full‐service, boutique investment bank and broker‐dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. SF, announces the upcoming index rebalancing for the second quarter of 2018.
This quarter there are constituent changes within four of our indexes, including the KBW Nasdaq Financial Sector Dividend Yield Index KDX, KBW Nasdaq Financial Technology Index KFTX, the KBW Nasdaq Insurance Index KIX, and the KBW Nasdaq Property & Casualty Insurance Index KPX.
These changes will be effective prior to the opening of business on Monday, June 18, 2018.
As part of this rebalancing, below are the component level changes across various indices:
| KBW Nasdaq Financial Sector Dividend Yield Index KDXKBWD | |
| Deletes (1): | AmTrust Financial Services, Inc. AFSI |
| KBW Nasdaq Financial Technology Index KFTXFTEK | |
| Adds (2): | TransUnion TRU |
| USA Technologies, Inc. USAT | |
| Deletes (1): | Verifone Systems, Inc. PAY |
| KBW Nasdaq Insurance Index KIX | |
| Adds (1): | Willis Towers Watson Public Limited Company WLTW |
| Deletes (1): | XL Group, Ltd. XL |
| KBW Nasdaq Property & Casualty Insurance Index KPXKBWP | |
| Adds (3): | American International Group, Inc. AIG Argo Group International Holdings, Ltd. ARGO The Hartford Financial Services Group, Inc. HIG |
| Deletes (2): | AmTrust Financial Services, Inc. AFSI XL Group, Ltd. XL |
Several of the KBW Nasdaq indices have tradable exchange‐traded funds licensed: KBW Nasdaq Bank Index BKXKBWB; KBW Nasdaq Capital Markets Index KSX; KBW Nasdaq Insurance Index KIX; KBW Nasdaq Regional Banking Index KRXKBWR; KBW Nasdaq Financial Sector Dividend Yield Index KDXKBWD; KBW Nasdaq Premium Yield Equity REIT Index KYXKBWY; KBW Nasdaq Property and Casualty Insurance Index KPXKBWP; KBW Nasdaq Global Bank Index GBKX; KBW Nasdaq Financial Technology Index KFTXFTEK.
Not all of the listed securities may be suitable for retail investors; in addition, not all of the listed securities may be available to U.S. investors. European investors interested in FTEK.LN can contact Source at www.sourceetf.com. U.S. investors cannot buy or hold Source ETFs. An investor cannot invest directly in an index.
About KBW
KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.
Press Contacts:
Neil Shapiro, Communications Director, 212-271-3447
Michael Gelormino, Intermarket Communications, 212‐754‐5479
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