Direct Answer
The KBW Nasdaq Bank Index is a rule-based measurement of large U.S. national money centers and leading regional bank holding companies, maintained by Keefe, Bruyette and Woods and Nasdaq. Like every index it owns nothing: it is a number produced by applying a published weighting formula to a selected list of securities, revised on a schedule the provider sets.
What this index covers
The KBW Nasdaq Bank Index covers large U.S. national money centers and leading regional bank holding companies. Keefe, Bruyette and Woods and Nasdaq defines which securities are eligible, how they are selected from that pool, and how much each one contributes to the published number.
The methodology document, published by Keefe, Bruyette and Woods and Nasdaq, sets the rules for inclusion and removal. Corporate actions, index reviews, and eligibility changes all move the constituent list on the timetable the provider specifies.
How constituents are weighted
Swoopr has not verified the weighting method for this index against Keefe, Bruyette and Woods and Nasdaq's current methodology document, so none is stated here rather than guessed. The provider link below is authoritative.
Current KBW Nasdaq Bank Index constituents
Keefe, Bruyette and Woods and Nasdaq publishes and licenses the KBW Nasdaq Bank Index constituent list. Swoopr does not republish it here. The provider's own page is the authoritative source for current membership and weights.
Keefe, Bruyette and Woods and Nasdaq: official KBW Nasdaq Bank Index page
Related reading
- All stock market indexes: how indexes are built, weighted and revised.
- United States indexes: others covering the same region.
- Index concentration: measuring how much of an index sits in its largest holdings.
- Index rebalancing and inclusion effects: what happens to a stock when index membership changes.
Frequently Asked Questions
Who maintains the KBW Nasdaq Bank Index?
Keefe, Bruyette and Woods and Nasdaq maintains the KBW Nasdaq Bank Index and publishes the methodology document that defines its eligibility and weighting rules.
What does the KBW Nasdaq Bank Index measure?
It measures large U.S. national money centers and leading regional bank holding companies. The index is a calculated number applying a weighting formula to a selected list of securities, and it holds nothing itself.
Where can I see the current KBW Nasdaq Bank Index constituents?
Keefe, Bruyette and Woods and Nasdaq publishes the current constituent list. Swoopr does not republish it, because index providers license constituent data and Swoopr holds no such licence.