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ALPS adds two more equal sector weighted strategies to ETF lineup


ALPS, a DST Company focused on asset management and asset servicing, has added two new equal sector ETF strategies to its growing lineup of exchange traded funds.

The new funds – ALPS Sector Leaders ETF (SLDR) and ALPS Sector Low Volatility ETF (SLOW) – will track the S-Network Sector Low Volatility and S-Network Sector Leaders indexes respectively. By isolating factors ALPS believes are indicators of growth, quality and low volatility on a sector-by-sector basis, the ETFs seek to provide diversified exposure without the sector bias often inherent in other factor based strategies.
The new ETF offerings expand on the success of ALPS’ dividend-factor focused ETF (SDOG), which recently passed the one billion dollar mark in assets under management.
Mike Akins, Senior Vice President and Director of Exchange Traded Funds at ALPS Advisors, is responsible for the day-to-day management of the funds, both of which will be included in the ALPS ETF Trust.
“Rather than investing in pure market-cap indexes, which are usually tilted towards specific sectors, our equal sector weighting methodology may provide a better foundation for building diversified portfolios,” says Akins. “As a result, investors and advisors may achieve better risk adjusted returns.
“It’s become clear that there’s an important place for the equal sector weighting strategies in most investment portfolios, particularly in volatile markets. We’re excited at the prospect of applying the approach toward these historically proven factors and markets.”

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