ALPS Advisors added a new exchange traded fund Friday, allowing investors to capitalize on the potential growth opportunity in a quickly advancing, technological world.
On Friday, ALPS Advisors launched the ALPS Disruptive Technologies ETF (Cboe: DTEC), which has a 0.50% expense ratio.
The Disruptive Technologies ETF will try to reflect the performance of the Indxx Disruptive Technologies Index, which identifies companies using disruptive technologies across ten thematic areas, including Healthcare Innovation, Internet of Things, Clean Energy and Smart Grid, Cloud Computing, Data and Analytics, FinTech, Robotics and Artificial Intelligence, Cybersecurity, 3D Printing, and Mobile Payment, according to a prospectus sheet.
“ALPS is proud to be launching one of the first ETFs that offers investors exposure to so many investment themes within a single product,” Mike Akins, Senior Vice President, Director of ETFs at ALPS Advisors, said in a note. “We also look forward to our new index provider relationship with Indxx. As an innovative firm and leaders in the thematic space, we believe the index effectively targets the immense potential offered by disruptive technologies over the coming years and decades.”