CHICAGO, June 4, 2020 /PRNewswire/ -- Cboe Global Markets,
Inc. (Cboe: CBOE), one of the world's largest exchange holding
companies, today announced it has listed for trading three actively
managed, semi-transparent exchange traded funds (ETFs) from
Fidelity Investments: the Fidelity Blue Chip Value ETF (ticker:
FBCV), Fidelity Blue Chip Growth ETF (ticker: FBCG) and Fidelity
New Millennium ETF (ticker: FMIL). With the launch of these ETFs,
Cboe expands the suite of actively managed, semi-transparent ETFs
listed on its exchange.
![(PRNewsfoto/Cboe Global Markets, Inc.) (PRNewsfoto/Cboe Global Markets, Inc.)](https://mma.prnewswire.com/media/622233/Cboe_Logo.jpg)
The Fidelity funds are the first semi-transparent ETFs to
utilize a proxy portfolio model, based on Fidelity's proprietary
methodology. A proxy portfolio, or "tracking basket," is optimized
to fund performance and consists of actual portfolio holdings,
representative ETFs that hold securities similar to those held by
the ETFs, and cash. Using a tracking basket, Fidelity's ETFs are
designed to shield a part of their portfolios, while still
providing enough information to the market to effectively price and
trade fund shares throughout the day.
Laura Morrison, Senior Vice
President and Global Head of Listings at Cboe Global Markets, said:
"We are pleased to collaborate with Fidelity Investments to launch
the first proxy model semi-transparent ETFs. This remains a new and
exciting opportunity for many asset managers, who are increasingly
turning to Cboe's proven expertise and unparalleled listings
services – from product development and launch, to marketing and
distribution – to bring their semi-transparent products to market."
Greg Friedman, Head of ETF
Management and Strategy at Fidelity, said: "We are excited to
partner with Cboe Global Markets for our active equity ETF debut
and to drive forward the next wave of ETF innovation. Fidelity's
proprietary methodology is an industry leading approach, designed
to fit seamlessly within the existing ETF market and provide
investors with greater choice and ease in accessing active
investment strategies."
In addition to Cboe as the primary listing venue, GTS is the
lead market maker for these ETFs.
Reginald Browne, Principal at
GTS, said: "GTS has served as the lead market maker for numerous
first-of-their kind ETFs, providing them with deep liquidity and
exceptional market quality. We are delighted to add Fidelity's new
ETFs to our roster and look forward to supporting their
success."
Cboe is the listing exchange for more than 360 exchange-traded
products (ETPs) from close to 50 unique issuers globally. Since it
was established in 2014, Cboe's listings business has grown to
capture approximately 15% of all U.S.-listed ETPs. For additional
information on the Cboe Listed Marketplace, visit
CboeListings.com.
About Cboe Global Markets, Inc.
Cboe Global Markets (Cboe: CBOE) is one of the world's largest
exchange holding companies, offering cutting-edge trading and
investment solutions to investors around the world. The company is
committed to defining markets to benefit its participants and drive
the global marketplace forward through product innovation, leading
edge technology and seamless trading solutions.
The company offers trading across a diverse range of products in
multiple asset classes and geographies, including options, futures,
U.S. and European equities, exchange-traded products (ETPs), global
foreign exchange (FX) and volatility products based on the Cboe
Volatility Index (VIX Index), recognized as the world's premier
gauge of U.S. equity market volatility.
Cboe's subsidiaries include the largest options exchange and the
third largest stock exchange operator in the U.S. In addition, the
company operates one of the largest stock exchanges by value traded
in Europe and is a leading market
globally for ETP listings and trading.
The company is headquartered in Chicago with a network of domestic and global
offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas
City and Amsterdam. For
more information, visit www.cboe.com.
Media
Contacts
|
Analyst
Contact
|
|
|
|
Angela
Tu
|
Stacie
Fleming
|
Debbie
Koopman
|
+1-646-856-8734
|
+44-20-7012-8950
|
+1-312-786-7136
|
atu@cboe.com
|
sfleming@cboe.com
|
dkoopman@cboe.com
|
CBOE-E
CBOE-OE
Cboe® Cboe Volatility Index®, VIX®, and Cboe Global Markets®
are registered trademarks of Cboe Exchange, Inc. Fidelity
Investments® is a registered trademark of FMR LLC. All
other trademarks and service marks are the property of their
respective owners.
Cboe Global Markets, Inc. and its affiliates do not recommend
or make any representation as to possible benefits from any
securities or investments, or third-party products or services.
Cboe Global Markets, Inc. is not affiliated with Fidelity
Investments or GTS. Investors should undertake their own due
diligence regarding their securities and investment practices. This
press release speaks only as of this date. Cboe disclaims any duty
to update the information herein.
Nothing in this announcement should be considered a
solicitation to buy or an offer to sell any securities in any
jurisdiction where the offer or solicitation would be unlawful
under the securities laws of such jurisdiction. Nothing
contained in this communication constitutes tax, legal or
investment advice. Investors must consult their tax adviser or
legal counsel for advice and information concerning their
particular situation.
Cboe Global Markets, Inc. and its affiliates make no
warranty, expressed or implied, including, without limitation, any
warranties as of merchantability, fitness for a particular purpose,
accuracy, completeness or timeliness, the results to be obtained by
recipients of the products and services described herein, or the
performance of the ETFs described herein, and shall not in any way
be liable for any inaccuracies, errors. Cboe Global Markets, Inc.
and its affiliates have not calculated, composed or determined the
constituents or weightings of the ETFs described herein and shall
not in any way be liable for any inaccuracies, errors.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cboe-global-markets-lists-for-trading-the-first-proxy-model-semi-transparent-etfs-with-fidelity-301070835.html
SOURCE Cboe Global Markets, Inc.