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PowerShares to Launch ETFs Using KBW Indexes

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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.

Wealth Manager’s Kate McBride recently wrote about an Invesco corporate bond ETF that tracks the Research Affiliates’ (RAFI) High Yield Bond Index.

In his September 2010 ETF Advisor column for Investment Advisor, Vaughan Scully of S&P writes about the raft of new ETFs on the drawing board for this year.


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