KBW Announces Changes to KBW Property & Casualty Insurance Index (Ticker: KPX)
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 below mentioned changes to their KBW Property & Casualty Insurance Index (Ticker: KPX):
KBW Property & Casualty Insurance Index (Index Ticker: KPX; ETF Ticker: KBWP):
Add: ACE Ltd. (NYSE: ACE)
Delete: Platinum Underwriters Holdings Ltd. (NYSE:PTP)
These changes will be effective prior to the opening of business on Tuesday, March 3, 2015.
The KBW indices have tradable exchange-traded funds licensed: KBW Bank Index (Index Ticker: BKXSM, ETF Ticker: KBWBSM); KBW Capital Markets Index (Index Ticker: KSXSM, ETF Ticker: KBWCSM); KBW Insurance Index (Index Ticker: KIXSM, ETF Ticker: KBWISM); KBW Regional Banking Index (Index Ticker: KRXSM, ETF Tickers: KBWRSM, KRSSM, KRUSM); KBW Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM); KBW Premium Yield Equity REIT Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Property and Casualty Insurance Index (Index Ticker: KPXSM, ETF Ticker: KBWPSM); KBW Mortgage Finance Index (Index Ticker: MFXSM); and KBW Global (Ex US) Financial Sector Index (Index Ticker: KGXSM).
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.
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