Global exchanges operator Bats Global Markets, Inc. (Bats: BATS) has welcomed ARK Investment Management and The 3D Printing ETF (Bats: PRNT) to the Bats ETF Marketplace.
PRNT is the first, and only, ETF in the U.S. to focus solely on the 3D printing ecosystem. The fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Total 3D-Printing Index, which is designed to track the price movements of stocks of companies involved in the 3D printing industry.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, commented:
We are excited to welcome this first-of-its-kind ETF as the ARK team becomes a new issuer on the Bats ETF Marketplace. We look forward to a long and fruitful relationship as ARK continues to offer innovative product solutions to the market.”
Catherine D. Wood, ARK’s Founder, CEO and CIO, added:
ARK expects 3D printing to revolutionize manufacturing by collapsing the time between design and production, reducing costs, and providing greater design complexity, accuracy and customization. As the technology evolves and costs continue to decline, the 3D printing industry has the potential to steal market share from traditional manufacturing and transform every sector of the economy. We are excited to list this innovative fund on the Bats Exchange!”
Investing exclusively in disruptive innovation, ARK aims to deliver superior long-term capital appreciation and outperformance with a low correlation of relative returns to traditional investment strategies. Since its founding in 2014, ARK has received numerous awards and accolades, including “Innovative Product of the Year 2016” by Fund Action and “Women in Finance, Outstanding Contribution 2016” by Markets Media.
With the addition of ARK, there are now 13 issuers with a combined 97 ETFs listed on the Bats ETF Marketplace. Six new issuers have joined Bats in 2016, launching or switching a total of 42 ETFs vs a total of 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 #2 U.S. market for overall equities trading for every month of 2016.