Bats Global Markets, Inc. (Bats: BATS) has welcomed Premise Capital as a new issuer to the Bats ETF Marketplace with the launch of the Premise Capital Frontier Advantage Diversified Tactical ETF (Bats: TCTL).
The fund, the first ETF launched by Premise, seeks to provide investment results that correspond generally to the total return of the Premise Capital Frontier Advantage Diversified Tactical Index. The Index uses forward-looking views on individual asset classes to create diversified portfolios that aim to provide an optimal balance of risk and return, while limiting the portfolio’s exposure to inadequately compensated risk.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said:
We welcome the innovative Premise team — and TCTL — to the Bats ETF Marketplace, and look forward to a very successful partnership.
Premise Co-Founder Jason Rolence added:
After a 30-year bull market in bonds and a seven-year bull market in stocks, investors are concerned about volatility increasing and are seeking tactical strategies that may be more sensitive to market declines. TCTL offers investors a product with the ability to adjust a portfolio’s allocation to reflect changing expectations, which is critical in today’s investment climate.
Jake Hutchinson, Managing Director at Premise Capital, commented:
We believe TCTL is the first and only index-based, globally diversified, tactical ETF that trades based on necessity. And it is delivered to investors in a liquid and tax-efficient ETF structure.
As of today, there are 20 issuers with a combined 107 ETFs listed in the U.S. on the Bats ETF Marketplace.