Products September 9, 2010

Invesco PowerShares Announces Four New ETFs

September 9, 2010 (PLANSPONSOR.com) - Invesco PowerShares has entered into an agreement with Keefe, Bruyette & Woods, Inc. (KBW) for exclusive licensing to four indexes covering the financial services, REIT, and property & casualty insurance market sectors.
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Invesco PowerShares said it anticipates listing the first of the new ETFs based on these indexes before the end of 2010. The index names and anticipated PowerShares ETF portfolio names are: 

  • 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; and 
  • KBW Property & Casualty Index, PowerShares KBW Property & Casualty Insurance Portfolio. 

 

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“There are many uncorrelated business risks within the financial services sector and these products allow market participants to better make and hedge investments directly into specific sub-sectors,” said John Howard, co-head of research at KBW, in a press release.  

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

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