Invesco Announces Four New ETFs Based on KBW Indexes

“We are looking forward to providing investors a way to gain continued access to these key financial sub-sector indexes,” said Ben Fulton, Invesco PowerShares Managing Director of Global ETFs, in a press release. “We expect these ETFs to start trading November 1.”

The four KBW indexes include:

•  The PowerShares KBW Bank Portfolio (KBWB) is based on the KBW Bank Index. The fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the U.S.

•  The PowerShares KBW Regional Banking Portfolio (KBWR) is based on the KBW Regional Banking Index. The fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is an equal weighted float-adjusted market capitalization index that seeks to reflect the performance of publicly traded companies that do business as regional banks or thrifts listed on U.S. stock markets.

•  The PowerShares KBW Capital Markets Portfolio (KBWC) is based on the KBW Capital Markets Index. The fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges that are publicly traded.

•  The PowerShares KBW Insurance Portfolio (KBWI) is based on the KBW Insurance Index. The fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies in the insurance industry that are publicly traded in the U.S.