Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company has today welcomed new issuer Point Bridge Capital to the Bats ETF Marketplace, with the launch of one fund.
The Point Bridge GOP Stock Tracker ETF (Bats: MAGA) seeks to track the performance, before fees and expenses, of the Point Bridge GOP Stock Tracker Index. The Index uses an objective, rules-based methodology to track the performance of companies whose employees and political action committees are highly supportive of Republican political candidates and party-affiliated federal committees or groups.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said:
Exchange traded funds broaden access for investors of every sort to focused investment strategies, and Point Bridge Capital’s launch today is a key example. We are pleased to partner with providers seeking to bring interesting, unique products to market and are looking forward to working with Point Bridge Capital as they expand their business over time.
Year-to-date, Bats has welcomed 91 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 223 ETFs listed on Bats ETF Marketplace, from 39 different issuers.