Bats Global Markets, Inc announced this week that its US exchange will welcome a new exchange trade fund.
“Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading,” Bats announced in a press release, “today welcomed another NuShares ETF to the Bats ETF Marketplace, the sixth NuShares fund listed on Bats.
“The NuShares Short-Term REIT ETF seeks to track the investment results, before fees and expenses, of the Dow Jones U.S. Select Short-Term REIT Index.”
Bats executed 23.4% of U.S. ETF trading in November and has won 25% of all new U.S. ETF listings in 2016.
The NuShares ETF tracks the investment results of the Dow Jones U.S. Select Short-Term REIT Index.
“The Index is comprised of equity REITs traded on U.S. exchanges that are classified as concentrating their holdings in apartment buildings, hotels, self-storage facilities or manufactured home properties,” according to a press release from Nuveen.
“We are eager to follow the successful introduction of our ESG-focused ETFs with the launch of the NuShares Short-Term REIT ETF. As short-term REITS have historically outperformed the broad U.S. listed REIT universe in times of rising interest rates, we are pleased to offer investors exposure that is unique to the ETF marketplace,” said Martin Kremenstein, Managing Director and Head of Exchange-Traded Funds at Nuveen.
Bats is a leading global operator of exchanges and services for financial markets, dedicated to Making Markets Better. Bats is the second-largest stock exchange operator in the U.S., operates the largest stock exchange and trade reporting facility in Europe, and the #1 market globally for ETF trading. We also operate growing ETF listings venues in the U.S. and Europe, two U.S. options exchanges and Bats Hotspot, our global foreign exchange market. Also, ETF.com, a leading provider of ETF news, data and analysis, is a wholly-owned subsidiary. The company is headquartered in Kansas City with offices in New York, London, Chicago, San Francisco, Singapore and Quito.
Nuveen provides “investment solutions designed to help secure the long-term goals of individual investors and the advisors who serve them. Through the investment expertise of leading asset managers across traditional and alternative asset classes, Nuveen is committed to delivering consultative guidance that aligns with client needs. Nuveen is an operating division of TIAA Global Asset Management,” according to its press release.