PowerShares Launches Four Financial ETFs
December 02, 2010 at 11:00 AM EST
After the product development front slowed for much of October and November, the last week has seen a tremendous surge in activity as nearly two dozen new ETPs have begun trading. Continuing this impressive blitz of new products, PowerShares rolled out four new ETFs offering exposure to various corners of the financial sector on Thursday. Each of the new ETFs will be linked to an index maintained by Keefe, Bruyette & Woods (KBW), an investment bank that maintains benchmarks to which several existing products in the Financials Equities ETFdb Category are linked. PowerShares had announced in September that is acquired the exclusive licensing rights to four KBW indexes. The new ETFs, linked to these indexes, include: KBW Premium Yield Equity REIT Portfolio (KBWY): This fund will seek to replicate the KBW Premium Yield Equity REIT Index, a dividend-weighted index consisting of between 25 and 40 small-cap and mid-cap U.S. equity [...] Click here to read the original article on ETFdb.com.