ALPS will enter into an agreement to license Goldman Sachs’ proprietary indices which will be used as benchmarks to create exchange traded funds.
“We look forward to working with ALPS to achieve our shared goal of providing ETP investors with thoughtful index based investment alternatives and market exposures.”
As an asset manager ALPS brings an expertise across a variety of strategies and product structures. ALPS is the advisor to open-end, closed-end and ETF products with $6.6 billion in assets under management.
“ALPS is excited to work with Goldman, Sachs & Co.,” said Tom Carter, President of ALPS. “We believe our collaboration will benefit both firms and more importantly, benefit our shared ETP investors.”
Federico Gilly, managing director and head of the Equity Sales Strats and Structuring Group for the Americas at Goldman Sachs, said, “We look forward to working with ALPS to achieve our shared goal of providing ETP investors with thoughtful index based investment alternatives and market exposures.”
Goldman Sachs’ New York-based ETP structuring team, which is part of the firm’s Securities Division, specializes in creating indices for a wide range of investor classes.
A wholly owned subsidiary of DST Systems, Inc., headquartered in Denver with offices in Boston, New York, and Seattle, ALPS is a 27-year-old financial services firm focused on asset servicing and asset gathering. With more than 400 employees, nearly 200 clients, and an executive team that has been in place for over 17 years, ALPS continues to actively promote all of its various business segments, from asset servicing through ALPS Fund Services, Inc. to asset gathering through ALPS Distributors, Inc. and ALPS Advisors, Inc. As of June 30, 2012, the firm managed more than $6.6 billion in assets and provided servicing to more than $338 billion in client assets. For more information about ALPS and the services available, visit www.alpsinc.com. For additional information about ALPS products, visit www.alpsfunds.com.
There are risks involved with investing in ETFs including the loss of money.