For the past several weeks, we have discussed the exchange-traded fund (ETF) providers that are well known to the general public. Weâ??ve featured well-established and large ETF providers, as well as the ETF divisions of large fund managers. The next few weeksâ?? ETF Talks will focus on niche providers. The first in this series highlights ALPS.
ALPS probably is best known for providing legal and management services to other investment companies, including some ETF providers that we have profiled previously, such as State Street. ALPS took its expertise in managing ETFs for other financial companies and launched its own ETFs in 2009. The twenty-first ALPS ETF was launched in February.
ALPS focuses on alternative, niche and themed investment products. One such fund is the ALPS Sector Dividend Dogs ETF (SDOG), which seeks to invest in a diversified selection of funds which offer superior yields compared to broad-based equity indices. Using each of the S&P 500â??s 10 industrial sectors as its selection pool, SDOG invests in the five stocks with the highest yield in each sector.
Read more about ALPS and its alternative exchange-traded fund investments at Eagle Daily Investor.