Bats, a CBOE Holdings Inc.(NASDAQ: CBOE) company, welcomed Franklin Templeton Investments as a new issuer to the Bats ETF Marketplace with a suite of three U.S. equity focused funds.
The funds include:
- The Franklin LibertyQ U.S. Equity ETF (Bats: FLQL), which seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index;
- The Franklin LibertyQ U.S. Mid Cap Equity ETF (Bats: FLQM), which seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Mid Cap Equity Index; and,
- The Franklin LibertyQ U.S. Small Cap Equity ETF (Bats: FLQS), which seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Small Cap Equity Index.
In each case, the funds aim to achieve a lower level of risk and higher risk-adjusted performance than their investment universe over the long term by applying a multi-factor selection process, which is designed to select equity securities that have favorable exposure to four investment style factors – quality, value, momentum and low volatility.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said:
One of the clearest signs yet of the maturation of the Bats ETF Marketplace into a leading global venue for ETF listings is the quality and global scale of the firms that choose to issue funds with us. Franklin Templeton Investments, as one of the largest asset management firms in the world, has an extraordinarily long and successful track record in offering solutions that are additive for investors of every sort, and we are delighted to welcome them today.
Year-to-date, Bats has welcomed 32 ETFs to its U.S. market. In the first quarter of 2017, Bats welcomed a total of 23 ETFs from eight issuers to the Bats ETF Marketplace.
There are now 167 ETFs listed on Bats ETF Marketplace, from 31 different issuers.