Keefe, Bruyette & Woods, a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, has announced upcoming changes to the KBW Mortgage Finance Index (Index symbol: MFXSM, ETF Symbol: KMESM).
Reportedly, effective from August 10, 2009, Ocwen Financial, a component of the MFX Index, is spinning off Altisource Portfolio Solutions (ASPSV). As a result of this corporate action, the price of OCN will be adjusted within the MFX Index. ASPSV will not be added to the MFX Index.
The KBW family of indices and exchange traded funds include: KBW Bank Index (Index Symbol: BKXSM, ETF Symbol: KBESM); KBW Capital Markets Index (Index Symbol: KSXSM, ETF Symbol: KCESM); KBW Insurance Index (Index Symbol: KIXSM, ETF Symbol: KIESM); KBW Regional Banking Index (Index Symbol: KRXSM, ETF Symbol: KRESM) and KBW Mortgage Finance Index (Index Symbol: MFXSM, ETF Symbol: KMESM).
