Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company welcomed new issuer Principal to the Bats ETF Marketplace with the launch of one fund.
The Principal Active Global Dividend Income ETF (Bats: GDVD) is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in common stocks and real estate investment trusts (“REITs”). The Fund invests in equity securities of small, medium and large market capitalization companies and in growth and value stocks.
The Fund invests in securities of issuers located throughout the world, including U.S. and foreign companies in foreign and emerging market securities. The Fund typically holds investments tied economically to at least three countries outside of the U.S.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said:
Growing our issuer list to include investing and retirement leaders like Principal has been a goal of ours since the creation of the Bats ETF Marketplace and we are proud to welcome them today.
Year-to-date, Bats has welcomed 36 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% of all new U.S. ETF listings.
There are now 171 ETFs listed on Bats ETF Marketplace, from 33 different issuers.