KBW Announces Change to KBW Nasdaq Regional Banking Index (Ticker: KRX) and Special Effective Date for First-Quarter 2020 Index Rebalancing

NEW YORK, April 23, 2020 (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 below mentioned change to its KBW Nasdaq Regional Banking Index KRX.

Delete:  IBERIABANK Corp. IBKC

This deletion  will  be  effective  prior  to  the  opening  of  business  on  Monday, April 27, 2020.

In accordance with KBW Nasdaq index methodology, a replacement will be announced and made at the next regularly scheduled quarterly evaluation, which occurs after the close of trading on the third Friday in June.

In addition, Nasdaq announced a special effective rebalance effective prior to the opening of business on Thursday, April 30, for its previously canceled index rebalancing for the first quarter of 2020.  

As part of this special rebalancing, there are no component level changes across the indices.

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