Bats Global Markets, Inc.(Bats: BATS) has just welcomed PowerShares as a new issuer to the Bats ETF Marketplace with the launch of two factor-based funds.
The PowerShares S&P International Developed High Dividend Low Volatility Portfolio (Bats: IDHD) seeks investment results that generally correspond to the price and yield of the S&P EPAC Ex-Korea Low Volatility High Dividend Index. The PowerShares S&P SmallCap High Dividend Low Volatility Portfolio (Bats: XSHD) seeks investment results that generally correspond to the price and yield of the S&P SmallCap 600 Low Volatility High Dividend Index. Additional information is available here.
Laura Morrison, Bats
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said:
PowerShares is one of the leading global providers of exchange-traded products and we are proud to welcome them as a new issuer. The innovation that PowerShares brings to capital markets makes them a wonderful addition to the thriving Bats ETF Marketplace.
We’re excited to bring two new factor ETFs to market with Bats. As the proliferation of ETFs is increasing, so is the value of creating unique strategies and supporting them with robust market services.” added Dan Draper, Global Head of PowerShares by Invesco.
Bats executed 23.7% of U.S. ETF trading in October.
As of today, there are 22 issuers with a combined 112 ETFs listed in the U.S. on the Bats ETF Marketplace.