Invesco Lists Four Financial Sector ETFs

December 2, 2010 (PLANSPONSOR.com) – Four previously announced Invesco PowerShares exchange-traded funds based on Keefe, Bruyette & Woods, Inc. (KBW) indexes began trading on the NYSE Arca December 2.

The portfolios provide investors with access to the real estate investment trust (REIT), financial services, and property & casualty insurance market sectors (see Invesco PowerShares Announces Four New ETFs).   

The portfolio names and ticker symbols are: 

  • PowerShares KBW Premium Yield Equity REIT Portfolio (KBWY); 
  • PowerShares KBW High Dividend Yield Financial Portfolio (KBWD); 
  • PowerShares KBW International Financial Portfolio (KBWX); and 
  • PowerShares KBW Property & Casualty Insurance Portfolio (KBWP). 

 

According to a press release, the PowerShares KBW Premium Yield Equity REIT Portfolio is based on the KBW Premium Yield Equity REIT Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Underlying Index is constructed by KBW using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 small- and mid-cap equity REITs in the United States.   

The PowerShares KBW High Dividend Yield Financial Portfolio is based on the KBW Financial Sector Dividend Yield Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Underlying Index is constructed by KBW using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 publicly listed financial companies that are principally engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States. The Index may also include securities of business development companies (BDCs) and equity and mortgage REITs.   

The PowerShares KBW International Financial Portfolio is based on the KBW Global ex-U.S. Financial Sector Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Underlying Index is currently comprised primarily of American Depositary Receipts (ADRs). The Underlying Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 60 non-U.S. financial companies that are principally engaged in the business of providing financial services and products, including banking, insurance and diversified financial services.   

The PowerShares KBW Property & Casualty Insurance Portfolio is based on the KBW Property & Casualty Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Underlying Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies.  

More information is at http://www.invescopowershares.com.

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