Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company, welcomed new issuer Hartford Funds to the Bats ETF Marketplace with the launch of two funds.
The Hartford Multifactor Low Volatility International Equity ETF (Bats: LVIN) seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of companies located in both developed and emerging markets.
The Hartford Multifactor Low Volatility US Equity ETF (Bats: LVUS) seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of exchange traded U.S. equity securities.
These strategies arrive at a time when market volatility is top-of-mind for investors,” said Darek Wojnar, Head of ETFs at Hartford Funds. “They were designed to reduce volatility for investors pursuing long-term growth potential while introducing positive exposure to other potentially return-enhancing factors such as value, momentum, quality and size.
Added Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats:
The utility of ETFs in packaging expert strategies into cost-competitive, tax-efficient liquid products is epitomized by today’s launches, and we are looking forward to introducing investors to Hartford Funds through the Bats ETF Marketplace.
Year-to-date, Bats has welcomed 38 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, and year to date, has won 39 percent of all new U.S. ETF listings.
There are now 173 ETFs listed on Bats ETF Marketplace, from 34 different issuers.