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KBW Announces Member & Share Changes To KBW Mortgage Finance Index (MFXSM)

Keefe, Bruyette & Woods, Inc., a full-service, boutique investment bank and broker-dealer that specializes in the financial services sector, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the following changes:

Effective prior to the opening of business on Friday, January 3, 2014, the following member changes will occur:

KBW Mortgage Finance Index (Index Ticker: MFX SM )

  • Removing Lender Processing Services, Inc. (NYSE: LPS), due to the expected closing of the acquisition by Fidelity National Financial, Inc. (NYSE: FNF); and
  • Replacing LPS with PennyMac Mortgage Investment Trust, Inc. (NYSE: PMT).

In addition, shares of FNF, a member of the MFX, are expected to increase due to the expected closing of the above merger transaction. The share change will also be effective prior to the open of business on Friday, January 3, 2014.

The KBW indices have ten tradable exchange-traded funds licensed: KBW Bank Index (Index Ticker: BKX SM, ETF Ticker: KBWB SM); KBW Capital Markets Index (Index Ticker: KSX SM, ETF Ticker: KBWC SM); KBW Insurance Index (Index Ticker: KIX SM, ETF Ticker: KBWI SM); KBW Regional Banking Index (Index Ticker: KRX SM, ETF Ticker: KBWR SM, KRS SM, KRU SM); KBW Financial Sector Dividend Yield Index (Index Ticker: KDX SM, ETF Ticker: KBWD SM); KBW Premium Yield Equity REIT Index (Index Ticker: KYX SM, ETF Ticker: KBWY SM); KBW Property and Casualty Insurance Index (Index Ticker: KPX SM, ETF Ticker: KBWP SM); and KBW Global (Ex. U.S.) Financial Sector Index (Index Ticker: KGX SM, ETF Ticker: KBWX SM).

About KBW

KBW LLC, a Stifel company, operates in the U.S. and Europe through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc. and Keefe, Bruyette & Woods Limited. 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.

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