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9 iShares ETFs Launch on Bats Exchange
Bats Exchange welcomed nine new exchange traded funds (ETFs) from iShares to its U.S. market on Thursday, the largest number of listings in one day for the Bats ETF Marketplace.
The following ETFs bring the total number of iShares ETFs listed on Bats’ U.S. market to 40:
- iShares Edge MSCI Multifactor Consumer Discretionary ETF (Bats: CNDF)
- iShares Edge MSCI Multifactor Consumer Staples ETF (Bats: CNSF)
- iShares Edge MSCI Multifactor Energy ETF (Bats: ERGF)
- iShares Edge MSCI Multifactor Financials ETF (Bats: FNCF)
- iShares Edge MSCI Multifactor Healthcare ETF (Bats: HCRF)
- iShares Edge MSCI Multifactor Industrials ETF (Bats: INDF)
- iShares Edge MSCI Multifactor Materials ETF (Bats: MATF)
- iShares Edge MSCI Multifactor Technology ETF (Bats: TCHF)
- iShares Edge MSCI Multifactor Utilities ETF (Bats: UTLF)
The products are part of the new iShares Edge ETF suite launched today by BlackRock. iShares Edge is a clearly defined suite of iShares factor ETFs, covering minimum volatility, single and multifactor funds. iShares Edge will cover 26 existing and 9 new factor-based funds representing more than $28 billion in AUM.
Related: Click here to read all the latest ETF launches
Laura Morrison, Senior Vice President and Global Head of Exchange-Traded Products at Bats, said Bats was is excited to help iShares launch these ETFs as part of their new Edge suite, which is designed to capture the power of factors to help reduce risk or enhance returns.
“Since welcoming iShares as the first issuer on Bats when we launched our listings business, we have valued each and every product they have brought to our market,” Morrison said. “We are proud that 40 iShares products now call the Bats ETF Marketplace home.”
ETF News & Notes from the KCG Team
Vanguard was active on Friday, Vanguard Long-Term Government Bond (VGLT), sellers; Vanguard FTSE Emerging Markets (VWO), buyers; Vanguard Utilities (VPU), buyers; and Vanguard Total Stock Market (VTI), sellers, all traded heavy.
The shorts were out Friday, ProShares Short S&P 500 (SH) traded three times average with more than 18 million shares – and it looked to be mostly buyers.
iShares US medical device (IHI) had buyers Friday, and had elevated volume much of the week, last week.
SPDR Regional Banks (KRE) was active with buyers, second day in a row of above average volume. iShares S&P 500 value (IVE) and iShares S&P 500 core (IVV) were both active.
In Fixed Income, iShares 7-10 Year Treasury Bond (IEF) had a big print go up early, over $100 million and the fund ended up trading over 5 million shares for the day.
[related_stories]USDOLLAR Index Softens as Markets Wait for CPI, FOMC Minutes
Christopher Vecchio, Currency Analyst at DailyFX, discusses the lull in the USDOLLAR Index ahead of tomorrow’s CPI report.
“There’s been little net movement in the USDOLLAR Index today, but that’s because traders are getting ready for a very important data set release tomrorow. On the back of a weaker US Dollar and rising energy prices through the first four-plus months of the year, market participants are anxiously waiting to see if signs of rising price pressures turn up in the April US Consumer Price Index report, due out tomorrow at 12:30 GMT.
In recent days, US economic data has started to improve in meaningful areas, particularly for the consumer. Real spending is currently tracking at +3.7% annualized in Q2’16, which would provide a significant bump to growth. After Friday’s release of the April US Advance Retail Sales report, the Atlanta Fed’s GDPNow Forecast for Q2’16 improved to +2.8%.
Rising inflation pressures could be the key to convincing market participants that the Federal Reserve is seriously considering raising rates in June. Right now, that’s not really on traders’ minds – the Fed funds futures contract is still pricing in less than a 10% chance of a rate hike next month. With traders the least long the US Dollar in two years (and the least net-short EUR/USD over the same time period), any data that suggests that market is too dovish on the Fed’s rate normalization path could catalyze more strength from the US Dollar (which would conveniently fit with the 20-year seasonality forecast for May).”