Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ALPS is Cooking Up New ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, November 14, 2008

ALPS is Cooking Up New ETFs

Reported by Armie Margaret Lee

ALPS Advisers intends to roll out at least one exchange-traded fund in the first quarter of next year, said Ned Burke, CEO of ALPS Holdings, in an interview with The MFWire.

Denver-based ALPS plans to file papers with the SEC around December 1, said Burke, a 17-year ALPS veteran who earlier worked for Pioneer Investments and Fidelity.

This spring, ALPS took the wraps off its debut ETF, for which it partnered with Cohen & Steers (see The MFWire, May 9, 2008).

ALPS is working with another partner for the ETFs it is cooking up for the first quarter launch. Burke declined to discuss the identity of the partner in advance of the SEC filing.

Recently, ALPS Holdings put in a place a new corporate structure that aligns the duties of the executive team with the current business lines (see The MFWire, November 11, 2008). The new structure has Burke, who had been president, becoming CEO of ALPS Holdings, Jeremy May becoming president of ALPS Fund Services and Tom Carter becoming president of ALPS Advisers and ALPS Distributors. May and Carter were previously managing directors.

"We have grown substantially over the last five years," Burke said.

ALPS has focused on handling back-office operations for funds for much of its 23-year history. Now, the distribution and investment management businesses account for about half of ALPS' revenues, according to Burke. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use