PowerShares Bank ETF Joins $1 Billion Club

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With bank stocks surging, some exchange traded funds tracking the financial services sector are growing in a big way. That includes the PowerShares KBW Bank Portfolio ( KBWB ). KBWB tracks the widely followed KBW Nasdaq Bank Index. That index "is a modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business [...] Read more on ETFtrends.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article was provided by our partner Tom Lydon of etftrends.com.

This article appears in: Investing , ETFs
Referenced Symbols: KBWB

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