Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Two Shops Will Collaborate on ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 14, 2012

Two Shops Will Collaborate on ETFs

News summary by MFWire's editors

There's a new partnership in the mutual fund world.

Goldman Sachs are collaborating on ETFs, with ALPS agreeing to license Goldman Sachs' indices to use as benchmarks to create ETFs, according to a news release.

For comment from both shops, read the press release below.



Company Press Release

ALPS, Goldman to Team Up on Exchange-Traded Products

Collaboration Expected to Drive Innovation for ETP Investors

DENVER- ALPS Advisors, Inc. (“ALPS”), today announced that it has entered into an agreement with Goldman, Sachs & Co. (GS) to collaborate on exchange-traded products (ETPs), bringing together a shared focus on innovative investment solutions. ALPS will enter into an agreement to license Goldman Sachs’ proprietary indices which will be used as benchmarks to create exchange traded funds.

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. 

Edited by: Ben Geier


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use