ETFs

ALPS launches ETFs based on Goldman Sachs indexes

ALPS, a DST company, has launched four exchange-traded funds each of which seeks to track a Goldman Sachs proprietary index.

Three of the new ETFs seek to track Goldman Sachs indices based on the “GS Momentum Builder” framework which seeks to capture momentum exposure to select asset classes or markets with a risk control mechanism.

The fourth ETF seeks to track a Goldman Sachs index that reflects a hypothetical portfolio of US stocks that are anticipated to have the highest risk-adjusted returns based on volatility adjusted target prices of a consensus of industry analysts for the stocks in the Russell 1000 Index.

The three Momentum Builder Index ETFs are the ALPS/GS Momentum Builder Growth Markets Equities and US Treasuries Index ETF, the ALPS/GS Momentum Builder Multi-Asset Index ETF and the ALPS/GS Momentum Builder Asia ex-Japan Equities and US Treasuries Index ETF. The fourth product is the ALPS/GS Risk-Adjusted Return US Large Cap Index ETF.

“ALPS is excited to introduce ETFs based on the Goldman Sachs indices to our suite of ETFs,” says Tom Carter, executive vice president of ALPS Holdings.

“This collaboration helps us achieve our shared goal of providing ETF investors with thoughtful index-based investment alternatives with various types of market exposures,” says Federico Gilly, managing director and head of the equity sales strats and structuring group at Goldman Sachs.

The etfexpress Awards 2013 for the top ETF product and service providers will be held in London towards the end of Q1 2013. Please click here to nominate your product/firm.

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