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KBW Announces Changes to Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM)

  //business-finance.news-articles.net/content/201 .. -index-index-ticker-kdxsm-etf-ticker-kbwdsm.html
  Published in Business and Finance on Wednesday, July 6th 2011 at 19:20 GMT by Market Wire

NEW YORK--([ BUSINESS WIRE ])--Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announces the deletion of Walter Investment Management Corp. (NYSE: WAC) and the addition of Starwood Property Trust, Inc. (NASDAQ: STWD) to the Financial Sector Dividend Yield Index (KDX^SM). These changes will be effective prior to the opening of business on Monday, July 11, 2011.

The KBW indices have eleven tradable exchange-traded funds licensed: KBW Bank Index (Index Ticker: BKX^SM, ETF Ticker: KBE^SM); KBW Capital Markets Index (Index Ticker: KSX^SM, ETF Ticker: KCE^SM); KBW Insurance Index (Index Ticker: KIX^SM, ETF Ticker: KIE^SM); KBW Mortgage Finance Index (Index Ticker: MFX^SM, ETF Ticker: KME^SM); KBW Regional Banking Index (Index Ticker: KRX^SM, ETF Ticker: KRE^SM, KRS^SM, KRU^SM); KBW Financial Sector Dividend Yield Index (Index Ticker: KDX^SM, ETF Ticker: KBWD^SM); KBW Premium Yield Equity REIT Index (Index Ticker: KYX^SM, ETF Ticker: KBWY^SM); KBW Property and Casualty Insurance Index (Index Ticker: KPX^SM, ETF Ticker: KBWP^SM); and KBW Global (Ex. U.S.) Financial Sector Index (Index Ticker: KGX^SM, ETF Ticker: KBWX^SM).

About KBW

KBW, Inc. operates in the U.S., Europe and Asia through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and Keefe, Bruyette & Woods Asia Limited. It also offers asset management services through KBW Asset Management, Inc. Founded in 1962, the firm is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking, real estate and specialty finance sectors. The firm has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities and debt securities of financial services companies.