Regional banks and REITs have underperformed the S&P 500 in the past 18 months. KBWD ETF, focused on high dividend yield financials, is now upgraded from sell to hold due to low valuations and technical improvements. KBWD is concentrated in financials and real estate, with potential for a rebound but not recommended for long-term holding due to the high expense ratio.
A smart beta exchange traded fund, the Invesco KBW High Dividend Yield Financial ETF (KBWD) debuted on 12/02/2010, and offers broad exposure to the Financials ETFs category of the market.
Looking for broad exposure to the Financials - Broad segment of the equity market? You should consider the Invesco KBW High Dividend Yield Financial ETF (KBWD), a passively managed exchange traded fund launched on 12/02/2010.