KBW Announces Annual Review and Quarterly Rebalancing Across Its Indices

  KBW Announces Annual Review and Quarterly Rebalancing Across Its Indices

Business Wire

NEW YORK -- December 14, 2012

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 upcoming quarterly rebalancing across its
family of indices. These changes will be effective prior to the opening of
business on Monday, December 24, 2012.

The KBW indices that have tradable exchange-traded funds are: KBW Bank Index
(Index Symbol: BKX^SM, ETF Symbol KBWB^SM); KBW Capital Markets Index (Index
Symbol: KSX^SM, ETF Symbol KBWC^SM); KBW Insurance Index (Index Symbol:
KIX^SM, ETF Symbol KBWI^SM); KBW Mortgage Finance Index (Index Symbol: MFX^SM)
KBW Regional Banking Index (Index Symbol: KRX^SM, ETF Symbol: KBWR^SM, KRS^SM,
KRU^SM), and KBW Financial Sector Dividend Yield Index (Index Symbol: KDX^SM,
ETF Symbol KBWD^SM); KBW Premium Yield Equity REIT Index (Index Symbol:
KYX^SM, ETF Symbol KBWY^SM); KBW Property and Casualty Insurance Index (Index
Symbol: KPX^SM, ETF Symbol KBWP^SM); and KBW Global (Ex. U.S.) Financial
Sector Index (Index Symbol: KGX^SM, ETF Symbol 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. Celebrating its 50th anniversary,
KBW has established itself as a leading independent authority in the banking,
insurance, brokerage, asset management, mortgage banking, real estate 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 and debt
securities of financial services companies.


Intermarket Communications
Neil Shapiro, 212-754-5423
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