Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed NuShares from Nuveen as a new issuer to the Bats ETF Marketplace with the launch of a suite of ESG-focused funds:
- NuShares ESG Large-Cap Growth ETF (Bats: NULG) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Large-Cap Growth Index.
- NuShares ESG Large-Cap Value ETF (Bats: NULV) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Large-Cap Value Index.
- NuShares ESG Mid-Cap Growth ETF (Bats: NUMG) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Mid-Cap Growth Index.
- NuShares ESG Mid-Cap Value ETF (Bats: NUMV) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Mid-Cap Value Index.
- NuShares ESG Small-Cap ETF (Bats: NUSC) seeks to track the investment results, before fees and expenses, of the TIAA ESG USA Small-Cap Index.
Additional information is available here.
Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said, “We’re delighted to welcome NuShares as a new issuer to the rapidly- expanding Bats ETF Marketplace, and in this first instance, working with them to bring more ESG investment options to a greater swathe of investors. With more than a fifth of all professionally managed products in the U.S. – $8.72 trillion or more – invested according to SRI strategies, these products tap into a well-established investment trend.”
Briton Ryan, Head of Capital Markets at NuShares stated “We are really excited to be working with Bats to bring TIAA’s 5 plus decades of responsible investing experience to market through this suite of ESG focused ETFs. The NuShares ESG ETFs will allow investors to align their social values with their core equity investments without compromising their current asset allocation. As one of the premier exchanges in the ETF space, we are confident that Bats will make for a great partner in providing market services for NuShares ETFs.”
Bats executed 23.4% of U.S. ETF trading in November and is the #1 U.S. market for ETF trading. In addition, the company has won 25% of all new U.S. ETF listings this year, through November, vs 9% for all of 2015.
As of today, there are 23 issuers with a combined 119 ETFs listed in the U.S. on the Bats ETF Marketplace.
Additional information regarding listing and trading on the Bats ETF Marketplace is available on ETFMarketplace.com. ETF issuers interested in joining the many firms listing on Bats may email listings@bats.com.