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KBW Announces Index Rebalancing for Second-Quarter 2018

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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. (NYSE: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 (TICKER:KDX), KBW Nasdaq Financial Technology Index (TICKER:KFTX), the KBW Nasdaq Insurance Index (TICKER:KIX), and the KBW Nasdaq Property & Casualty Insurance Index (TICKER: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 (TICKER:KDX, NASDAQ:KBWD) 
   
Deletes (1) AmTrust Financial Services, Inc. (NASDAQ:AFSI)
   
KBW Nasdaq Financial Technology Index (TICKER:KFTX, NASDAQ:FTEK)
   
Adds (2):  TransUnion (NYSE:TRU) 
  USA Technologies, Inc. (NASDAQ:USAT)
   
Deletes (1) Verifone Systems, Inc. (NYSE:PAY)
   
KBW Nasdaq Insurance Index (TICKER:KIX)
   
Adds (1):  Willis Towers Watson Public Limited Company (NASDAQ:WLTW)
   
Deletes (1) XL Group, Ltd. (NYSE:XL)
   
KBW Nasdaq Property & Casualty Insurance Index (TICKER:KPX, NASDAQ:KBWP)  
 
Adds (3):  American International Group, Inc. (NYSE:AIG)
Argo Group International Holdings, Ltd. (NYSE:ARGO)
The Hartford Financial Services Group, Inc. (NYSE:HIG)
   
Deletes (2):  AmTrust Financial Services, Inc. (NASDAQ:AFSI)
XL Group, Ltd. (NYSE:XL)


Several of the KBW Nasdaq indices have tradable exchange‐traded funds licensed: KBW Nasdaq Bank Index (TICKER:BKX, NASDAQ:KBWB); KBW Nasdaq Capital Markets Index (TICKER:KSX); KBW Nasdaq Insurance Index (TICKER:KIX); KBW Nasdaq Regional Banking Index (TICKER:KRX, NASDAQ:KBWR); KBW Nasdaq Financial Sector Dividend Yield Index (TICKER:KDX, NASDAQ:KBWD); KBW Nasdaq Premium Yield Equity REIT Index (TICKER:KYX, NASDAQ:KBWY); KBW Nasdaq Property and Casualty Insurance Index (TICKER:KPX, NASDAQ:KBWP); KBW Nasdaq Global Bank Index (TICKER:GBKX); KBW Nasdaq Financial Technology Index (TICKER:KFTX, NASDAQ:FTEK).

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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