Banking

Keefe, Bruyette, and Woods, Inc (KBW) is a firm that concentrates on the financial sector and represents ETF indices in Banking, Regional Banking, Capital Markets, Insurance, and Mortgage Finance. KBW has disclosed upcoming changes to its Financial Sector Dividend Yield Index (KDX – ETF symbol: KBWD). The press release reports that the index will delete [...]

Direxion Funds, one of the leading issuers of leveraged ETFs, has chosen BNY Mellon to provide ETF services for its nine most recently launched ETFs. Eight of the nine new ETFs are designed to leverage 300% of the daily performance (or 300% of the inverse) of the Agribusiness, Russian, Materials and Healthcare industries. The final [...]

Invesco PowerShares Capital Management has announced that the PowerShares Senior Loan Portfolio ETF (BKLN) will begin trading from March 3rd, 2011. With more than $57 billion worth assets under management with the company, the new ETF is being closely followed by investors and analysts alike. The ETF will offer monthly dividend and will focus on [...]

For the first time, investors will have direct access to India’s small cap equity market with the launch of a new ETF by EG Shares. The new ETF, known as INDXX India Small Cap Index Fund (SCIN: Profile, Quote, Advanced Chart, News), will track the INDXX India Small Cap Index made up of 75 stocks [...]

Keefe, Bruyette, and Woods, Inc (KBW) is a firm that concentrates on the financial sector and represents ETF indices in Banking, Regional Banking, Capital Markets, Insurance, and Mortgage Finance. KBW has disclosed additional upcoming changes to its Capital Markets (KSX; ETF symbol KCE: Profile, Quote, Advanced Chart, News) index. According to the press release, Stifel Financial [...]

Exchange-traded funds have not only grown in assets over the years but in popularity as well. The trend for mutual funds has been the opposite. While the mutual fund industry is still much larger by comparison, large brokerage firms are already feeling the need to adjust their strategy. Brokerages such as Wells Fargo and UBS [...]

Two more actively managed ETFs have been filed with the Securities & Exchange Commission. Huntington Asset Advisors has developed the two funds, which are projected to be released during the first quarter of next year. The press release identifies the two actively managed ETFs as the Huntington Ecological Strategy Fund and the Huntington Global Rotating [...]

Two sponsors, PowerShares and State Street Global Advisors, are fighting for control over the Build America Bond space. The two firms, both competitors, have battled on annual expense ratios, but now PowerShares is looking to take the space with another issue. The newest Build America Bond ETF is none other than the PowerShares Intermediate Build [...]

Through structured products, exchange-traded funds are earning another use by the banking industry. Normally centered on popular indexes, structured products can better track returns with exchange-traded funds. Two banks, Bank of America and Credit Suisse, both issued notes this week using exchange-traded funds as their underlying indexes. Bank of America launched a two-year leveraged note [...]

The new financial overhaul bill circulating around Washington could have a profound impact on many under-diversified financial ETFs. The Dow Jones U.S. Financial Services Index Fund (IYG: Quote, Profile, Advanced Chart, News) in particular is in danger should the bill pass. One of the largest provisions in the bill is meant to protect consumers from [...]