Financial exchanges operator Bats Global Markets, Inc.(Bats: BATS) has welcomed J.P. Morgan Asset Management as a new issuer to the Bats ETF Marketplace with the launch of a new fund.
J.P. Morgan Asset Management launched its first fixed income ETF today as the JPMorgan Disciplined High Yield ETF (Bats: JPHY) began trading yesterday on the Bats ETF Marketplace. The fund seeks to provide a high level of income to investors with a secondary objective of capital appreciation. Additional information is available at J.P. Morgan’s website.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products, at Bats, commented:
The J.P. Morgan team has proven expertise in creating products that answer the needs of investors around the world, and we are proud to welcome them to the Bats ETF Marketplace as a valued issuer.”
Bats executed 24.1% of U.S. ETF trading in August and has won 26% of all new U.S. ETF listings this year vs 9% for all of 2015.
There are now 16 issuers with a combined 97 ETFs listed in the U.S. on the Bats ETF Marketplace.