KBW and Nasdaq Launch Global Bank Index
(Thomson Reuters ONE) -
* KBW Nasdaq Global Bank Index (GBKX) is the first and only index designed to
track the performance of global systematically important banks
* GBKX is the first joint index launched since the companies announced their
partnership in April
NEW YORK, July 13, 2015 (GLOBE NEWSWIRE) -- Keefe Bruyette & Woods (KBW), a
Stifel company (NYSE:SF), and Nasdaq (NASDAQ:NDAQ) today announced the launch of
the KBW Nasdaq Global Bank Index (Ticker: GBKX), the first and only index
designed to track the performance of those banks designated as global
systemically important (G-SIBs) by the Financial Stability Board and Basel
Committee on Banking Supervision. The 28 banks included in the KBW Nasdaq Global
Bank Index represent 45% of the global investable banking universe and account
for approximately $3T in total market cap.
"Global banks trade together, significantly different than their domestic peers
and until now, there hasn't been an index available in the marketplace that
exclusively tracks this specific universe," said Fred Cannon, Global Director of
Research at KBW. "The GBKX is a substantial benchmark index, as our research
shows G-SIBs trade at a lower valuation than domestic banks, even when adjusting
for profitability. This is due to the unique global regulatory structure that G-
SIBs operate under that exposes them to additional risks and capital
requirements which domestic banks are not restricted by."
The 28 banks included in the KBW Nasdaq Global Bank Index are: Agricultural Bank
of China Limited, Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA, Bank
of America Corporation, Bank of China Limited, Barclays Plc, BNP Paribas SA,
Citigroup Inc., Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings Plc,
Industrial and Commercial Bank of China Limited, ING Groep N.V., JPMorgan Chase
& Co., Mitsubishi UFJ Financial Group, Inc., Mizuho Financial Group, Inc.,
Morgan Stanley, Nordea Bank AB, Royal Bank of Scotland Group Plc, Société
Générale SA, Standard Chartered Plc, State Street Corporation, Sumitomo Mitsui
Financial Group, Inc., Bank of New York Mellon Corporation, Goldman Sachs Group,
Inc., UBS Group AG, UniCredit SpA and Wells Fargo & Company.
The KBW Nasdaq Global Bank Index is an equal-weighted index that has an average
yield of 3.14% (as of 7/7/15). While a U.S.-dollar denominated index, it
provides exposure to six different currencies - the U.S Dollar, Euro, British
Pound, Japanese Yen, Swiss Franc and Swedish Krona. The Index will be rebalanced
quarterly and members will be updated annually on the third Friday in December
based on FSB and the Basel Committee's update to the list of G-SIBs published in
November.
"The KBW Nasdaq Global Bank Index is an incredibly important benchmark for
market participants who are interested in monitoring the health of international
financial institutions," said Salil Donde, Executive Vice President, Nasdaq
Global Information Services. "This is the first of many new and innovative
products to be developed as a result of our strategic partnership with KBW."
In addition to the GBKX, there are also two total return versions of the Index
that have been simultaneously launched - KBW Nasdaq Global Bank Total Return
Index (GBKXT) and KBW Nasdaq Global Bank Net Total Return Index (GBKXN).
The KBW Nasdaq indexes are closely watched benchmarks and are widely cited in
the media as barometers for the strength of the financial sector. The targeted
sectors include banking, asset management, broker/dealer, insurance, equity
REITs and mortgage finance. With the addition of today's index, the KBW Nasdaq
index family now includes:
* KBW Nasdaq Global Bank Index (Ticker: GBKX)
* 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)
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.
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.
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 approximately $9.5 trillion and more
than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
The information contained above is provided for informational and educational
purposes only, and nothing contained herein should be construed as investment
advice, either on behalf of a particular financial product or an overall
investment strategy. Neither The NASDAQ OMX Group, Inc. nor any of its
affiliates makes any recommendation to buy or sell any financial product or any
representation about the financial condition of any company or fund. Statements
regarding Nasdaq's proprietary indexes are not guarantees of future performance.
Actual results may differ materially from those expressed or implied. Past
performance is not indicative of future results. Investors should undertake
their own due diligence and carefully evaluate companies before investing.
ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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: KBW Media Contact:
Neil Shapiro
+1 (212) 754-5423
nshapiro(at)intermarket.com
Nasdaq Media Contact:
Joe Christinat
+1 (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#1937630]
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2015 - 12:00 Uhr
Sprache: Deutsch
News-ID 406337
Anzahl Zeichen: 9899
contact information:
Town:
New York
Kategorie:
Business News
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