Alpha Architect’s ValueShares International Quantitative Value exchange traded fund (ETF) has begun trading on BATS Exchange under the symbol (IVAL).
The ValueShares International Quantitative Value ETF, which is an actively managed exchange-traded fund, seeks to provide long-term capital appreciation by investing in value securities of international companies across industries and market capitalizations. The Fund will invest in approximately 50 of the top international equity securities determined by a quantitative model developed by Alpha Architect Founder and CIO, Wesley R Gray, PhD.
“We are proud to support Alpha Architect’s expanding suite of empiracle-based investing ETFs,” says Brian King, Director of Listings at BATS. “We appreciate the opportunity to support ETF issuers as they strive to bring innovative ideas to the ETF space, and ValueShares is a great example of this.”
The BATS Exchange Listings program offers ETF issuers a variety of leading service offerings including the Competitive Liquidity Provider (CLP) program, which rewards market makers for tighter quoted spreads with increased liquidity in BATS-listed securities.