Invesco Powershares has agreed an exclusive deal with Keefe, Bruyette and Woods (KBW) for four financial services indexes.
The ETF provider has licensed indexes covering financial services, real estate investment trusts (REITs), property and the casualty insurance market sectors. Invesco hopes to have the first ETFs from the Indexes ready by the end of 2010. John Howard, co-head of research at KBW, says: “There are many uncorrelated business risks with the financial services sector, this set of indexes will provide investors easier access to hedge investments in specific sub-sectors.” The four underlying indexes are the Global ex-U.S Financial Sector, Property and Casualty Index, Premium Yield Equity REIT a...
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