ALPS, an exchange traded fund service provider, is teaming up with Goldman Sachs to create new exchange traded fund products.
According to a press release, ALPS Advisors will utilize Goldman Sachs indices as benchmark for new ETF products.
“Goldman has some unique indices that might be a little smarter, including momentum and volatility focused strategies,” Tom Carter, President at ALPS Advisors, said in a phone interview.
He expects the partnership will help bring institutional strategies to the retail market in an ETF package.
Additionally, in our discussion, Carter emphasized that the firm understands the need to put together a track record for the indices to garner the respect of the market place.