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Tuesday, April 17, 2012|
ALPS Fetches a Fifth ETF
ALPS [profile] is working on its fifth exchange-traded fund. Benzinga reports that the Denver-based back-office provider and DST subsidiary filed to launch the ALPs Sector Dividend Dogs ETF, which will track the fifteen-year-old Sector Dividend Dogs Index.
"With dividend ETFs continuing to soar in popularity, issuers are scrambling to bring to new funds to market," Benzinga writes.
The filing did not include a ticker for the proposed ETF.
According to data from the ETF Industry Association, ALPS manages four ETFs with a combined AUM of more than $3 billion as of the end of March.
Printed from: MFWire.com/story.asp?s=39756
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