Invesco PowerShares Capital Management LLC [see profile]
, today said
that it will waive its unitary fee for the four new ETFs based on Keefe, Bruyette & Woods
indexes that are expected to begin trading November 1 on the NYSE Arca.
Invesco PowerShares is now the new exclusive licensee of the KBW Indexes effective November 1 following State Street changing its index provider to S&P last month.
The new offerings include: PowerShares KBW Bank Portfolio
; PowerShares KBW Capital Markets Portfolio
; PowerShares KBW Insurance Portfolio
and PowerShares KBW Regional Banking Portfolio
“In order to ease the transition for investors that would like to continue to retain their portfolio’s exposure to the KBW financial Indexes, we are waving the unitary fee on these four ETFs through February 1, 2012," stated Ben Fulton
, Invesco PowerShares managing director of global ETFs. "We are able to take this unprecedented step with the full support from our key partners who are also waiving their fees.”
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