KBW Announces Index Rebalancing for Third-Quarter 2018

NEW YORK, Sept. 14, 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 third quarter of 2018.

This quarter, there are constituent changes within two of our indexes - the KBW Nasdaq Financial Technology Index KFTX, and the KBW Nasdaq Regional Banking Index KRX. These changes will be effective prior to the opening of business on Monday, September 24, 2018.

As part of this rebalancing, below are the component level changes across the indices:

KBW Nasdaq Financial Technology Index KFTXFTEK

Adds (1):         On Deck Capital, Inc. ONDK

Deletes (1):     The Dun & Bradstreet Corporation DNB

KBW Nasdaq Regional Banking Index KRXKBWR

Adds (1):         United Community Banks, Inc. of Georgia UCBI

Deletes (1):     MB Financial, Inc. MBFI

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 Invesco at https://etf.invesco.com/gb/private/en/product/invesco-kbw-nasdaq-fintech-ucits-etf-acc/trading-information. U.S. investors cannot buy or hold FTEK LN. 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.

Media Contact
Neil Shapiro, (212) 271-3447
shapiron@stifel.com