Nasdaq and KBW Announce Strategic Index Partnership
(Thomson Reuters ONE) -
- Partnership expands access to indexes and ETFs with more than $770 million in
licensed Assets Under Management (AUM)
- Indexes to be re-branded "KBW Nasdaq" in June 2015
NEW YORK, April 8, 2015 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) and Keefe
Bruyette & Woods (KBW), a Stifel company (NYSE:SF), today announced a
partnership involving KBW's industry-leading family of financial indexes. Under
the agreement, Nasdaq will assume responsibility for the calculation,
dissemination and commercialization of these indexes, and will work closely with
KBW to jointly promote the products and benchmarks to new market participants
worldwide.
"We have a proven track record of leveraging our brand, relationships and
distribution channels to grow the adoption of our index families around the
world; so teaming with a world-class organization like KBW is logical for us,"
said Salil Donde, Executive Vice President, Nasdaq Global Information
Services. "KBW is known for its breadth of research and expertise in financial
services and its indexes offer investors the purest, most-targeted exposure to
individual financial sectors."
Currently, there are a number of outside influences impacting financials, such
as the potential of higher interest rates, increased regulatory scrutiny and
continued industry consolidation. The KBW products offer investors specific ways
to play or hedge the sector.
The KBW Nasdaq family of indexes are closely watched benchmarks and are widely
cited in the media as barometers for the health of the financial sector. The
exchange traded funds (ETFs) based on these indexes provide investors with
exposure to the niche-specific sectors within the financial industry - without
overlapping components or with unwanted securities.
The targeted sectors include banking, asset management, broker/dealer,
insurance, equity REITs and mortgage finance. The index family includes:
* KBW Nasdaq Bank Index (Ticker: BKX)
* KBW Nasdaq Regional Banking Index (Ticker: KRX)
* KBW Nasdaq Capital Markets Index (Ticker: KSX)
* KBW Nasdaq Insurance Index (Ticker: KIX)
* KBW Nasdaq Property & Casualty Index (Ticker: KPX)
* KBW Nasdaq Premium Yield Eq. REIT Index (Ticker: KYX)
* KBW Nasdaq Financial Sector Dividend Yield Index (Ticker: KDX)
* KBW Nasdaq Global Financials (ex-U.S.) Index (Ticker: KGX)
* KBW Nasdaq Mortgage Finance Index (Ticker: MFX)
Thomas B. Michaud, CEO of KBW, said, "We are excited to co-brand our products
with an indexing powerhouse like Nasdaq. We believe Nasdaq's brand and expertise
will be instrumental in bolstering visibility for our indexes and in the future,
introduce new global financial sector indexes to investors worldwide."
As a result of the KBW Nasdaq partnership, Nasdaq will expand its relationship
with Invesco PowerShares, a leading exchange-traded fund provider, and now bring
the total number of PowerShares ETFs tracking a Nasdaq index to 44, with over
$52 billion in assets under management.
"The KBW indexes are an extremely valuable brand, and we are excited about the
new energy Nasdaq will bring to this partnership," said Dan Draper, Invesco
PowerShares Managing Director of Global ETFs. "Financial Services is the largest
sector of the overall global market and while many products lump all financial
services companies together, they fail to recognize that financial companies
tend to trade on different factors."
The indexes will continue to be the basis for seven ETFs offering investors
access to key financial sub-sectors, including:
Fund Name Index Name ETF Ticker
PowerShares KBW Bank Portfolio KBW Nasdaq Bank Index KBWB
PowerShares KBW Capital Markets KBW Nasdaq Capital Markets KBWC
Portfolio Index
PowerShares KBW Insurance KBW Nasdaq Insurance Index KBWI
Portfolio
PowerShares KBW Regional Banking KBW Nasdaq Regional Banking KBWR
Portfolio Index
PowerShares KBW Property and KBW Nasdaq Property & Casualty KBWP
Casualty Insurance Portfolio Index
PowerShares KBW High Dividend KBW Nasdaq Financial Sector KBWD
Yield Portfolio Dividend Yield Index
PowerShares KBW Premium Yield KBW Nasdaq Premium Yield Eq. KBWY
Equity REIT Portfolio REIT Index
There are 187 ETPs benchmarked to Nasdaq's global indexes, currently, and in
2014 alone, 27 new ETPs began tracking Nasdaq Indexes. The ETPs represent $105
billion in assets under management.
Founded in 1962, KBW today provides equity research coverage on more financial
institutions than any other firm on Wall Street. According to industry league
tables, last year KBW was the number one firm in bank M&A, bank IPOs and mutual
conversions.
About Nasdaq Global Information Services
Nasdaq Global Information Services (GIS) leverages reliable, scalable technology
and robust distribution channels to provide comprehensive benchmarks and market
data solutions across asset classes and regions. We equip financial institutions
and investors with essential market transparency to make informed decisions. Our
Global Data Products business provides innovative real-time and historical
market data products, as well as analytic data solutions designed to meet new
industry challenges. In addition, Nasdaq Global Indexes span geographies and
asset classes to support financial product sponsors across a wide-spectrum of
investable products and asset managers that measure risk and performance. Our
diverse families include the Dividend Achievers, Global Equity, Fixed Income,
Nordic, Green Economy and Commodity Indexes, based upon rules-based, transparent
methodologies.
For more information, visit www.business.nasdaq.com/indexes or find us on
Twitter (at)nasdaqindexes.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,500
listed companies with a market value of over $9.1 trillion and more than 10,000
corporate clients. To learn more, visit http://nasdaq.com/ambition or
http://business.nasdaq.com.
About KBW
KBW LLC, a Stifel company, operates in the U.S. and Europe through its broker
dealer subsidiaries, Keefe, Bruyette & Woods, Inc. and Stifel Nicolaus Europe
Limited ("SNEL"), also trading as Keefe, Bruyette & Woods Europe ("KBW Europe").
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.
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors detailed
in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S.
Securities and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
NDAQG
CONTACT: Joe Christinat
(646) 441-5121
joseph.christinat(at)nasdaq.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via GlobeNewswire
[HUG#1909310]
Unternehmensinformation / Kurzprofil:
Datum: 08.04.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 384300
Anzahl Zeichen: 9730
contact information:
Town:
New York
Kategorie:
Business News
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