Bats Global Markets, Inc. (Bats: BATS) today welcomed NuShares from Nuveen as a new issuer to the Bats ETF Marketplace with the launch of a suite of ESG-focused funds:
- NuShares ESG Large-Cap Growth ETF (Bats: NULG) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Large-Cap Growth Index.
- NuShares ESG Large-Cap Value ETF (Bats: NULV) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Large-Cap Value Index.
- NuShares ESG Mid-Cap Growth ETF (Bats: NUMG) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Mid-Cap Growth Index.
- NuShares ESG Mid-Cap Value ETF (Bats: NUMV) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Mid-Cap Value Index.
- NuShares ESG Small-Cap ETF (Bats: NUSC) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Small-Cap Index.
Laura Morrison, Bats
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said:
We’re delighted to welcome NuShares as a new issuer to the rapidly expanding Bats ETF Marketplace, and in this first instance, working with them to bring more ESG investment options to a greater swathe of investors. With more than a fifth of all professionally managed products in the U.S. – $8.72 trillion or more – invested according to SRI strategies, these products tap into a well-established investment trend.
Briton Ryan, Head of Capital Markets at NuShares stated:
We are really excited to be working with Bats to bring TIAA’s 5 plus decades of responsible investing experience to market through this suite of ESG focused ETFs. The NuShares ESG ETFs will allow investors to align their social values with their core equity investments without compromising their current asset allocation. As one of the premier exchanges in the ETF space, we are confident that Bats will make for a great partner in providing market services for NuShares ETFs.
As of today, there are 23 issuers with a combined 119 ETFs listed in the U.S. on the Bats ETF Marketplace.