New ETFs On The Block: ALPS-Goldman Sachs Proprietary Strategy ETFs (GSMA, GSGO, GSAX, GSRA)

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ALPS, the Denver, Colorado-headquartered asset management firm with $7.6 billion in assets has teamed up with Goldman Sachs to launch a suite of exchange traded funds based on GS’ proprietary indexes. The four ETFs allocate assets based on market volatility and are engineered to follow active management styles. Three of the new ETFs are based on GS’ “Momentum Builder” framework, …