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Screenshot of a breaking news alert e-mail from Q2 2017
Global exchanges operator Bats Global Markets, Inc. (Bats: BATS) has welcomed Legg Mason as a new issuer to the Bats ETF Marketplace with the launch of the Legg Mason International Low Volatility High Dividend ETF (Bats: LVHI).
The new fund seeks to track the investment results of an index composed of publicly traded equity securities of developed markets outside of the U.S. with relatively high yield and low price and earnings volatility, while mitigating exposure to fluctuations between the values of the U.S. dollar and other international currencies.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products, at Bats, said:
We are excited to welcome Legg Mason, and LVHI, to the Bats ETF Marketplace. We view Legg Mason as a very important partner and look forward to growing with them as Bats continues its mission of serving the ETF community.”
Rick Genoni, Head of ETF Product Management at Legg Mason, added:
We look forward to partnering with Bats to list our newest product, the Legg Mason International Low Volatility High Dividend ETF (LVHI). Bats is recognized within the ETF community as being innovative and solution focused, two traits which we believe extend to this product.”
With the addition of Legg Mason, there are 15 issuers with a combined 98 ETFs listed on the Bats ETF Marketplace. Eight new issuers have joined Bats in 2016, launching or switching a total of 43 ETFs compared to 30 ETFs for all of 2015.
Bats executed 24.9% of U.S. ETF trading in June and has been the #1 U.S. market for ETF trading and the #1 U.S. market for continuous equities trading for every month of 2016. In addition, Bats has won 29% of all new U.S. ETF listings this year.