KBW Announces Changes to KBW Property & Casualty Index (KPXSM)
NEW YORK -- April 26, 2013
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 following
Effective prior to the opening of business on Wednesday, May 1, 2013, the
following changes will occur:
KBW Property & Casualty Insurance Index (Index Ticker: KPX^SM, ETF Ticker:
*Removing Alterra Capital Holdings Limited (Nasdaq: ALTE), due to
acquisition by Markel Corporation (NYSE: MKL); and
*Replacing ALTE with Everest Re Group, Ltd. (NYSE: RE).
The KBW indices have ten tradable exchange-traded funds licensed: KBW Bank
Index (Index Ticker: BKX^SM, ETF Ticker: KBWB^SM); KBW Capital Markets Index
(Index Ticker: KSX^SM, ETF Ticker: KBWC^SM); KBW Insurance Index (Index
Ticker: KIX^SM, ETF Ticker: KBWI^SM); KBW Regional Banking Index (Index
Ticker: KRX^SM, ETF Ticker: KBWR^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).
KBW LLC, a Stifel company, operates in the U.S. and Europe through its broker
dealer subsidiaries, Keefe, Bruyette & Woods, Inc. and Keefe, Bruyette & Woods
Limited. 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.
Mike Gelormino, 212-909-4780
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