Invesco PowerShares announced Thursday, September 9, that it had signed an agreement with Keefe, Bruyette & Woods (KBW) to license four KBW indexes covering the financial services, REIT, and property & casualty insurance market sectors. Invesco PowerShares said it expected to list the first of the new ETFs based on these indexes before the end of 2010.
The indexes and anticipated PowerShares ETF portfolio names are:
Underlying Index |
PowerShares Portfolio |
KBW Premium Yield Equity REIT Index |
PowerShares KBW Premium Yield Equity REIT Portfolio |
KBW Financial Sector Dividend Yield Index |
PowerShares KBW High Dividend Yield Financial Portfolio |
KBW Global ex-U.S. Financial Sector Index |
PowerShares KBW Global ex-U.S. Financial Sector Portfolio |
KBW Property & Casualty Index |
PowerShares KBW Property & Casualty Insurance Portfolio |
Invesco PowerShares sponsors more than 120 domestic and international ETFs, and as of June 30, the company said it had franchise assets of more than $44 billion.