KBW Announces Changes to Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM)

Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announces the deletion of Walter Investment Management Corp. (NYSE: WAC) and the addition of Starwood Property Trust, Inc. (NASDAQ: STWD) to the Financial Sector Dividend Yield Index (KDXSM). These changes will be effective prior to the opening of business on Monday, July 11, 2011.

The KBW indices have eleven tradable exchange-traded funds licensed: KBW Bank Index (Index Ticker: BKXSM, ETF Ticker: KBESM); KBW Capital Markets Index (Index Ticker: KSXSM, ETF Ticker: KCESM); KBW Insurance Index (Index Ticker: KIXSM, ETF Ticker: KIESM); KBW Mortgage Finance Index (Index Ticker: MFXSM, ETF Ticker: KMESM); KBW Regional Banking Index (Index Ticker: KRXSM, ETF Ticker: KRESM, KRSSM, KRUSM); KBW Financial Sector Dividend Yield Index (Index Ticker: KDXSM, ETF Ticker: KBWDSM); KBW Premium Yield Equity REIT Index (Index Ticker: KYXSM, ETF Ticker: KBWYSM); KBW Property and Casualty Insurance Index (Index Ticker: KPXSM, ETF Ticker: KBWPSM); and KBW Global (Ex. U.S.) Financial Sector Index (Index Ticker: KGXSM, ETF Ticker: KBWXSM).

About KBW

KBW, Inc. operates in the U.S., Europe and Asia through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and Keefe, Bruyette & Woods Asia Limited. It also offers asset management services through KBW Asset Management, Inc. Founded in 1962, the firm is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking, real estate and specialty finance sectors. The firm has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities and debt securities of financial services companies.