is preparing another ETF that will be sub-advised by Arrow Investment Advisors
. On Thursday the Denver-based fund back-office firm's investment management unit filed
to create the Alerian MLP ETF
, which the Alerian MLP Infrastructure Index
of U.S. energy infrastructure master limited partnerships.
No expense ratio is yet listed for the fund.
ALPS' own fund services unit will handle administration. Bank of New York Mellons
will handle custody, fund accounting and transfer agency, while Dechert
will serve as counsel.
's Steve Dew and Olivier Ludwing first reported
on the news.
ALPS and Arrow aren't strangers. Arrow already sub-advises the Thomson Reuters/Jefferies CRB Global Commodity Equity Index Fund
, launched in September.
Neil Anderson, Managing Editor
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