KBW Announces Index Rebalancing for Second-Quarter 2018

NEW YORK, June 08, 2018 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a full‐service, boutique investment bank and broker‐dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the second quarter of 2018.

This quarter there are constituent changes within four of our indexes, including the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX), the KBW Nasdaq Insurance Index (Index Ticker: KIX), and the KBW Nasdaq Property & Casualty Insurance Index (Index Ticker: KPX).

These changes will be effective prior to the opening of business on Monday, June 18, 2018.

As part of this rebalancing, below are the component level changes across various indices:

KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX; ETF Ticker: KBWD)
Deletes (1):	AmTrust Financial Services, Inc. (NASDAQ: AFSI)
KBW Nasdaq Financial Technology Index (Index Ticker: KFTX; ETF Ticker: FTEK.LN)
Adds (2):	TransUnion (NYSE: TRU)
	USA Technologies, Inc. (NASDAQ: USAT)
Deletes (1):	Verifone Systems, Inc. (NYSE: PAY)
KBW Nasdaq Insurance Index (Index Ticker: KIX)
Adds (1):	Willis Towers Watson Public Limited Company (NASDAQ: WLTW)
Deletes (1):	XL Group, Ltd. (NYSE: XL)
KBW Nasdaq Property & Casualty Insurance Index (Index Ticker: KPX; ETF Ticker: KBWP)
Adds (3):	American International Group, Inc. (NYSE: AIG)Argo Group International Holdings, Ltd. (NYSE: ARGO)The Hartford Financial Services Group, Inc. (NYSE: HIG)
Deletes (2):	AmTrust Financial Services, Inc. (NASDAQ: AFSI) XL Group, Ltd. (NYSE: XL)

Several of the KBW Nasdaq indices have tradable exchange‐traded funds licensed: KBW Nasdaq Bank Index (Index Ticker: BKXSM, ETF Ticker: KBWBSM); KBW Nasdaq Capital Markets Index (Index Ticker: KSXSM); KBW Nasdaq Insurance Index (Index Ticker: KIXSM); KBW Nasdaq Regional Banking Index (Index Ticker: KRXSM, ETF Ticker: KBWRSM); KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM); KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Nasdaq Property and Casualty Insurance Index (Index Ticker: KPXSM, ETF Ticker: KBWPSM); KBW Nasdaq Global Bank Index (Index Ticker: GBKXSM); KBW Nasdaq Financial Technology Index (Index Ticker: KFTXSM, ETF Ticker: FTEK.LNSM).

Not all of the listed securities may be suitable for retail investors; in addition, not all of the listed securities may be available to U.S. investors. European investors interested in FTEK.LN can contact Source at www.sourceetf.com. U.S. investors cannot buy or hold Source ETFs. An investor cannot invest directly in an index.

About KBW KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.Press Contacts: Neil Shapiro, Communications Director, 212-271-3447Michael Gelormino, Intermarket Communications, 212‐754‐5479

Source: Keefe, Bruyette & Woods, Inc. (KBW)

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