Bli medlem
Bli medlem

Du är här

2015-04-08

The NASDAQ OMX Group, Inc.: Nasdaq and KBW Announce Strategic Index Partnership

-Partnership expands access to indexes and ETFs with more than $770 million in
licensed Assets Under Management (AUM)

-Indexes to be re-branded "KBW Nasdaq" in June 2015

NEW YORK, April 8, 2015 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) and Keefe
Bruyette&Woods (KBW), a Stifel company (NYSE:SF), today announced a
partnership involving KBW's industry-leading family of financial indexes.
Under the agreement, Nasdaq will assume responsibility for the calculation,
dissemination and commercialization of these indexes, and will work closely
with KBW to jointly promote the products and benchmarks to new market
participants worldwide.

"We have a proven track record of leveraging our brand, relationships and
distribution channels to grow the adoption of our index families around the
world; so teaming with a world-class organization like KBW is logical for
us," said Salil Donde, Executive Vice President, Nasdaq Global Information
Services. "KBW is known for its breadth of research and expertise in
financial services and its indexes offer investors the purest, most-targeted
exposure to individual financial sectors."

Currently, there are a number of outside influences impacting financials, such
as the potential of higher interest rates, increased regulatory scrutiny and
continued industry consolidation. The KBW products offer investors specific
ways to play or hedge the sector.

The KBW Nasdaq family of indexes are closely watched benchmarks and are widely
cited in the media as barometers for the health of the financial sector. The
exchange traded funds (ETFs) based on these indexes provide investors with
exposure to the niche-specific sectors within the financial industry -
without overlapping components or with unwanted securities.

The targeted sectors include banking, asset management, broker/dealer,
insurance, equity REITs and mortgage finance. The index family includes:

* 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)

Thomas B. Michaud, CEO of KBW, said, "We are excited to co-brand our products
with an indexing powerhouse like Nasdaq. We believe Nasdaq's brand and
expertise will be instrumental in bolstering visibility for our indexes and
in the future, introduce new global financial sector indexes to investors
worldwide."

As a result of the KBW Nasdaq partnership, Nasdaq will expand its relationship
with Invesco PowerShares, a leading exchange-traded fund provider, and now
bring the total number of PowerShares ETFs tracking a Nasdaq index to 44,
with over $52 billion in assets under management.

"The KBW indexes are an extremely valuable brand, and we are excited about the
new energy Nasdaq will bring to this partnership," said Dan Draper, Invesco
PowerShares Managing Director of Global ETFs. "Financial Services is the
largest sector of the overall global market and while many products lump all
financial services companies together, they fail to recognize that financial
companies tend to trade on different factors."

The indexes will continue to be the basis for seven ETFs offering investors
access to key financial sub-sectors, including:

---------------------------------------------------------------------------------------------------------------------------------------------------
| |
| Fund Name Index Name ETF Ticker |
| PowerShares KBW Bank Portfolio KBW Nasdaq Bank Index KBWB |
| PowerShares KBW Capital Markets Portfolio KBW Nasdaq Capital Markets Index KBWC |
| PowerShares KBW Insurance Portfolio KBW Nasdaq Insurance Index KBWI |
| PowerShares KBW Regional Banking Portfolio KBW Nasdaq Regional Banking Index KBWR |
| PowerShares KBW Property and Casualty Insurance Portfolio KBW Nasdaq Property&Casualty Index KBWP |
| PowerShares KBW High Dividend Yield Portfolio KBW Nasdaq Financial Sector Dividend Yield Index KBWD |
| PowerShares KBW Premium Yield Equity REIT Portfolio KBW Nasdaq Premium Yield Eq. REIT Index KBWY |
---------------------------------------------------------------------------------------------------------------------------------------------------
There are 187 ETPs benchmarked to Nasdaq's global indexes, currently, and in
2014 alone, 27 new ETPs began tracking Nasdaq Indexes. The ETPs represent
$105 billion in assets under management.

Founded in 1962, KBW today provides equity research coverage on more financial
institutions than any other firm on Wall Street. According to industry league
tables, last year KBW was the number one firm in bank M&A, bank IPOs and
mutual conversions.

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.

For more information, visitwww.business.nasdaq.com/indexesor find us onTwitter
@nasdaqindexes.

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 over $9.1 trillion and more than 10,000 corporate clients. To
learn more, visithttp://nasdaq.com/ambitionorhttp://business.nasdaq.com.

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.

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: Joe Christinat
(646) 441-5121
joseph.christinat@nasdaq.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: The NASDAQ OMX Group, Inc. via Globenewswire

HUG#1909310

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.