Also in the planning stages is the RiverFront Strategic Income Fund which is from ALPS Advisors. The idea of the fund is to offer an actively managed global fixed-income fund that could own debt securities comprising broad ranges of maturities and credit quality. Cinthia Murphy for Index Universe explains that the fund, which will be ALPS’ first fixed-income strategy, will come with a net expense ratio of 0.24% after a fee waiver.
Grail Advisors, a San Francisco investment firm specializing in active ETFs, will serve as the fund’s adviser, and RiverFront Investment Group will be subadviser, according to the filing. This is in-line with the latest trend in the ETF industry of providers teaming up with financial backers to bring innovative products to the market.
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Tisha Guerrero contributed to this article.