Bats Welcomes Four New PowerShares Funds to the Bats ETF Marketplace
Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed a suite of four new PowerShares ETFs to the Bats ETF Marketplace.
The products, which comprise a range of multi-asset allocation portfolios, include:
- The PowerShares Conservative Multi-Asset Allocation Portfolio (Bats: PSMC) which seeks total return consistent with a lower level of risk relative to the broad stock market.
- The PowerShares Moderately Conservative Multi-Asset Allocation Portfolio (Bats: PSMM) which seeks to provide current income and some capital appreciation.
- The PowerShares Balanced Multi-Asset Allocation Portfolio (Bats: PSMB) which seeks to provide current income and capital appreciation.
- The PowerShares Growth Multi-Asset Allocation Portfolio (Bats: PSMG) which seeks to provide long-term capital appreciation.
In January, Bats welcomed 13 ETFs to its U.S. market. In the fourth quarter of 2016, Bats welcomed a total 34 ETFs from 13 providers.
Bats remained the largest exchange operator for U.S. ETF trading over 2016 and won 30% of all new U.S. ETF listings vs only 9% for 2015. Including transfers from competitor venues, Bats welcomed 85 ETF listings to its U.S. market, an increase of 145% over 2015. During the year, Bats won 17% of ETF switches.
There are now 155 ETFs listed on Bats ETF Marketplace, from 27 different issuers.
Source: Bats
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