A new lineup of exchange-traded funds (ETFs) that manage risk and use momentum strategies has been introduced by ALPS Advisors.
Unlike traditional equity index funds, the latest ETFs from ALPS will shift assets based upon factors like historical volatility and market correlations. The funds use benchmarks developed by Goldman Sachs (NYSE:GS).
“ALPS is excited to introduce ETFs based on the Goldman Sachs indices to our suite of ETFs” said Tom Carter, executive vice president of ALPS Holdings.
The new ALPS/GS Momentum Builder and risk managed funds are the following: