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Screenshot of a breaking news alert e-mail from Q2 2017
Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company has today welcomed a new Global X fund to the Bats ETF Marketplace, with the launch of one fund.
The Global X U.S. Preferred ETF (Bats: PFFD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the BofA Merrill Lynch Diversified Core U.S. Preferred Securities Index. In tracking this index, PFFD seeks to provide broad benchmark-like exposure to the US preferred asset class, with a low expense ratio of 0.23%. Given the persistently low interest rate environment, preferreds could be an attractive asset class for income-seeking investors.
Year-to-date, Bats has welcomed 92 ETFs to its U.S. market. In the second quarter of 2017, Bats welcomed a total of 26 ETFs to the Bats ETF Marketplace, and year-to-date has won 36 percent of all new U.S. ETF listings. There are now 224 ETFs listed on Bats ETF Marketplace, from 39 different issuers.