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Invesco PowerShares secures exclusive license to four KBW indices


Invesco PowerShares, a provider of exchange-traded funds, has entered into an agreement with Keefe, Bruyette & Woods for exclusive licensing to four indices covering the financial services, real estate investment trust, and property and casualty insurance market sectors.

Invesco PowerShares anticipates listing the first of the new ETFs based on these indexes before the end of 2010.

The indices are: KBW Premium Yield Equity Reit Index, KBW Financial Sector Dividend Yield Index, KBW Global ex-US Financial Sector Index and KBW Property & Casualty Index.

“We are very excited to partner with KBW, a recognised leader in financial services company research, to provide investors unique ways to access the financial services sector,” says Ben Fulton, Invesco PowerShares managing director of global ETFs. “KBW is highly regarded for its expertise on the financial services sector, and we look forward to a long and successful global partnership.”

“There are many uncorrelated business risks within the financial services sector and these products allow market participants to better make and hedge investments directly into specific sub-sectors,” adds John Howard, co-head of research at KBW. “Invesco PowerShares has a strong reputation for providing investors with innovative and affordable ETFs and we are very pleased it has selected KBW as an index provider.”

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