ALPS Files For Multi-Asset And Equity ETFs

by on September 21, 2012 | ETFs Mentioned:

As bullish euphoria following the announcement of QE3 at home faded away throughout the week, so too did trading activity. Major equity benchmarks have been grinding along sideways as looming eurozone debt issues coupled with pre-election jitters at home weigh down on investors’ confidence. WisdomTree made a splash on the product front this week as the firm rolled out an exciting ex-financials, dividend-focused China ETF. On the development side, ALPS, the issuer behind the well-known Alerian MLP ETF (AMLP) filed plans for a set of four intriguing ETFs [see also 7 Simple & Cheap All-ETF Model Portfolios].

Denver-based ALPS is planning to beef up its current lineup of offerings with three multi-asset ETFs along with an equity-based fund [see SEC Filing]:

  • ALPS/GS Momentum Builder Growth Markets Index ETF (GSGO): This fund will hold other ETFs that track the equity markets of the following emerging markets: Brazil, Russia, India, China, Mexico, South Korea, Indonesia and Turkey, as well as shares of ETFs who track U.S. fixed income markets [see also Monthly Dividend ETFdb Portfolio]. 
  • ALPS/GS Momentum Builder Multi-Asset Index ETF (GSMA): This fund will include a diverse basket of ETFs spanning across United States, developed and emerging equity markets, commodities, real estate, as well as global fixed income markets. 
  • ALPS/GS Momentum Builder Asia ex-Japan Index ETF (GSAX): This fund will hold other ETFs that track the following equity markets in Asia: India, China, Thailand, Taiwan, Hong Kong, Indonesia, Singapore, Malaysia, South Korea and Australia as well as shares of ETFs who track U.S. fixed income markets [see also Ex-Japan ETFs In Focus].
  • ALPS/GS Risk-Adjusted Return US Large Cap Index ETF (GSRA): This ETF will be comprised of U.S. stocks that are anticipated to have the highest risk-adjusted returns based on a proprietary methodology developed by Goldman Sachs; the underlying index will include 50 securities selected from the Russell 1000 Index.

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Disclosure: No positions at time of writing.