BATS welcomed nine new midcap sector ETFs from Elkhorn Investments 

Bats Global Markets, Inc. (Bats: BATS), the #1 U.S. market operator for the trading of exchange-traded funds (ETFs), today welcomed nine new midcap sector ETFs from Elkhorn Investments, the industry’s first suite of midcap sector-based products. All of the issues begin trading today on the Bats ETF Marketplace.

“Since Elkhorn’s initial listing on Bats in 2015, they’ve been a strong partner and the launch of this first-of-its-kind midcap offering is evidence of their innovative mindset,” said Laura Morrison, Senior Vice President and Global Head of ExchangeTraded Products at Bats.

“We are excited to bring to market what may be the last frontier of beta exposure to an important area of U.S. equities, midcap sectors,” said Graham Day, CFA, Senior Vice President, Head of Product and Research, at Elkhorn Investments. “Midcaps are commonly referred to as a ‘sweet spot’ for equity investing given their long-term outperformance of both large and small caps and we believe the Elkhorn S&P MidCap Sector ETFs will provide ETF investors better tools to access this space.”

The products include:

• The Elkhorn S&P MidCap Consumer Discretionary Portfolio (Bats: XD), seeking investment results that generally correspond to the price and yield of the S&P MidCap 400® Capped Consumer Discretionary Index.
• The Elkhorn S&P MidCap Energy Portfolio (Bats: XE), seeking investment results that generally correspond to the price and yield of the S&P MidCap 400® Capped Energy Index.
• The Elkhorn S&P MidCap Financials Portfolio (Bats: XF), seeking investment results that generally correspond to the price and yield of the S&P MidCap 400® Capped Financials Index.
• The Elkhorn S&P MidCap Health Care Portfolio (Bats: XH), seeking investment results that generally correspond to the price and yield of the S&P MidCap 400® Capped Health Care Index.
• The Elkhorn S&P MidCap Industrials Portfolio (Bats: XI), seeking investment results that generally correspond to the price and yield of the S&P MidCap 400® Capped Industrials Index.
• The Elkhorn S&P MidCap Information Technology Portfolio (Bats: XK), seeking investment results that generally correspond to the price and yield of the S&P MidCap 400® Capped Information Technology Index.
• The Elkhorn S&P MidCap Materials Portfolio (Bats: XM), seeking investment results that generally correspond to the price and yield of the S&P MidCap 400® Capped Materials Index.
• The Elkhorn S&P MidCap Consumer Staples Portfolio (Bats: XS), seeking investment results that generally correspond to the price and yield of the S&P MidCap 400® Capped Consumer Staples Index.
• The Elkhorn S&P MidCap Utilities Portfolio (Bats: XU), seeking investment results that generally correspond to the price and yield of the S&P MidCap 400® Capped Utilities Index.

Elkhorn now has 13 ETFs listed on the Bats ETF Marketplace. Additional information regarding the new products is available at www.elkhorn.com.

Bats executed 23.4% of U.S. ETF trading in November and has won 25% of all new U.S. ETF listings in 2016, through November, vs. 9% for all of 2015.

As of today, there are 23 issuers with a combined 137 ETFs listed in the U.S. on the Bats ETF Marketplace. This includes products transferred to Bats yesterday from ProShares (three funds) and Cambria (four).

Additional information regarding listing and trading on The Bats ETF Marketplace is available on the Bats website. ETF issuers interested in joining the many firms listing on Bats may email listings@bats.com.

Source: Bats Trading

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