Invesco PowerShares Capital Management LLC, a leading global
provider of exchange-traded funds (ETFs), announced today it has
expanded its partnership with Keefe, Bruyette & Woods, Inc.
(KBW) to become the exclusive licensee of four KBW indexes
providing targeted access to the bank, capital markets and
insurance sectors, effective November 1, 2011.
"We are looking forward to providing investors a way to gain
continued access to these key financial sub-sector indexes," said
Ben Fulton, Invesco PowerShares managing director of global ETFs,
"we expect these ETFs to start trading November 1st."
Investors who wish to maintain their exposure to the KBW indexes
listed below ("KBW Financial Indexes") should take note of the
table below when making an investment decision.
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Index Name New ETF Name "Old" Ticker* "New" Ticker**
----------------------------------------------------------------------------
KBW Bank Index PowerShares KBW Bank
Portfolio KBE KBWB
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KBW Capital Markets PowerShares KBW Capital
Index Markets Portfolio KCE KBWC
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KBW Insurance Index PowerShares KBW
Insurance Portfolio KIE KBWI
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KBW Regional PowerShares KBW
Banking Index Regional Banking KRE KBWR
Portfolio
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*Old Ticker - These are the tickers for certain State Street
ETFs that will remain in existence but will no longer track the KBW
Indexes as of today's date. State Street and PowerShares are not
affiliated entities. The PowerShares ETFs are not a continuation of
the State Street ETFs.
**New Ticker - These are tickers for the PowerShares KBW ETFs
which are expected to begin trading on November 1, 2011. Investors
wishing to maintain or gain exposure to the KBW Financial Indexes
should use these tickers.
The PowerShares KBW Bank Portfolio (KBWB)
is based on the KBW Bank Index. The Fund will normally invest at
least 90% of its total assets in securities that comprise the
Underlying Index. The Index is a float adjusted modified-market
capitalization-weighted index that seeks to reflect the performance
of companies that do business as banks or thrifts that are
publicly-traded in the U.S. The Index is compiled, maintained and
calculated by Keefe, Bruyette & Woods, Inc. and is composed of
approximately 24 companies representing leading national money
centers and regional banks or thrifts.
The PowerShares KBW Regional Banking Portfolio
(KBWR) is based on the KBW Regional Banking Index. The Fund
will normally invest at least 90% of its total assets in securities
that comprise the Underlying Index. The Index is an equal weighted
float-adjusted market capitalization index that seeks to reflect
the performance of publicly traded companies that do business as
regional banks or thrifts listed on U.S. stock markets. The Index
is compiled, maintained and calculated by KBW and is composed of
approximately 50 companies.
The PowerShares KBW Capital Markets Portfolio
(KBWC) is based on the KBW Capital Markets Index. The Fund
will normally invest at least 90% of its total assets in securities
that comprise the Underlying Index. The Index is a float adjusted
modified-market capitalization-weighted index that seeks to reflect
the performance of companies that do business as broker-dealers,
asset managers, trust and custody banks or exchanges that are
publicly traded. The Index is compiled, maintained and calculated
by KBW.
The PowerShares KBW Insurance Portfolio
(KBWI) is based on the KBW Insurance Index. The Fund will
normally invest at least 90% of its total assets in securities that
comprise the Underlying Index. The Index is a float adjusted
modified-market capitalization-weighted index that seeks to reflect
the performance of companies in the insurance industry that are
publicly traded in the U.S. The Underlying Index is compiled,
maintained and calculated by KBW and is composed of 24 companies
representing approximately three-quarters of the market
capitalization of the entire U.S. public insurance company
universe.
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. It also offers asset management services through KBW
Asset Management, Inc. Founded in 1962, the firm is widely
recognized as a leading authority in the banking, insurance,
brokerage, asset management, mortgage banking, real estate and
specialty finance sectors. The firm has established
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.
Invesco PowerShares Capital Management LLC is Leading the
Intelligent ETF Revolution® through its family of more than 140
domestic and international exchange-traded funds, which seek to
outperform traditional benchmark indexes while providing advisors
and investors access to an innovative array of focused investment
opportunities. With franchise assets over $57 billion as of June
30, 2011, PowerShares ETFs trade on both U.S. stock exchanges. For
more information, please visit us at invescopowershares.com or
follow us on Twitter @PowerShares.
Invesco is a leading independent global investment manager,
dedicated to helping investors worldwide achieve their financial
objectives. By delivering the combined power of our distinctive
investment management capabilities, Invesco provides a wide range
of investment strategies and vehicles to our retail, institutional
and high net worth clients around the world. Operating in more than
20 countries, the company is listed on the New York Stock Exchange
under the symbol IVZ. Additional information is available at
www.invesco.com.
There are risks involved with investing in ETFs, including
possible loss of money. Shares are not actively managed and are
subject to risks including those regarding short selling and margin
maintenance requirements. Ordinary brokerage commissions may
apply.
The Funds are considered non-diversified and may be subject to
greater risks than a diversified fund.
The Funds may contain securities in the financial, insurance,
banking, and capital market sectors. Companies engaged in these
sectors are subject to greater risks, and are more greatly impacted
by market volatility, than more diversified investments.
Not FDIC Insured | May Lose Value | No Bank
Guarantee
Shares are not individually redeemable and owners of the shares
may acquire those shares from the Fund and tender those shares for
redemption to the Fund in Creation Units only, typically consisting
of aggregations of 50,000 shares. Invesco Distributors, Inc. is the
distributor of the PowerShares Exchange-Traded Fund Trust II. Note:
Not all products available through all firms.
PowerShares® is a registered trademark of Invesco PowerShares
Capital Management LLC. Invesco PowerShares Capital Management LLC
and Invesco Distributors, Inc. are indirect, wholly owned
subsidiaries of Invesco Ltd.
An investor should consider the Fund's
investment objective, risks, charges and expenses carefully before
investing. For this and more complete information about the Fund
call 800 983 0903 or visit invescopowershares.com for a prospectus.
Please read the prospectus carefully before investing.
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