ALPS To Launch Barron’s 400 ETF Tuesday

By
Olly Ludwig
June 03, 2013
Share:

The ETF distributor will launch its 10th exchange-traded fund, this one based on the Barron’s 400 Index.

 

ALPS, the widely used exchange-traded fund distributor that now also sponsors its own ETFs, is launching an ETF tomorrow that’s based on the Barron’s 400 Index, which screens “high performing equity securities of U.S. companies” based on fundamental factors.

Related ETFs

Ticker Fund name
AMLPAlerian MLP
Related ETF Lists
Energy ETFs, MLP ETFs

The Barron’s 400 ETF (NYSEArca: BFOR) will come with an annual expense ratio of 0.65 percent, or $65 for each $10,000 invested, according to the most recent registration statement Denver-based ALPS filed detailing the fund.

The Barron’s 400 Index selects the 400 stocks from the Dow Jones U.S. Total Stock Market Index, and selects components based on the strength of their fundamentals in growth, value, profitability and cash flow, and then screens securities for criteria regarding concentration, market capitalization and liquidity.

BFOR appears to be similar to a strategy that ProShares put into registration a bit more than five years ago. That proposed ProShares fund has languished in registration and hasn’t yet made it to market.

The eligible stocks that are selected for inclusion in the underlying index’s portfolio are equally weighted.

The index is rebalanced by the index provider semiannually, on the third Friday of March and September each year, according to the filing.

BFOR will be ALPS’ 10th fund. The company now has nine ETFs with total assets under management of $6.78 billion. The vast majority of that sum is in the Alerian MLP ETF (NYSEArca: AMLP), which has gathered assets of about $6.25 billion, according to data compiled by IndexUniverse.


ETF DAILY DATA

The small-cap fund 'IWM' led inflows on Tuesday, March 24, as total U.S.-listed ETF assets dipped to $2.121 trillion.

A slew of funds from BlackRock's iShares paced that firm's issuer-leading inflows on Tuesday, March 24, as total U.S.-listed ETF assets ended the day at $2.121 trillion.

ETF.COM ANALYST BLOGS

By Olivier Ludwig

Yes, 2015 is shaping up to be the ‘year of currency hedging,’ but that’s not necessarily a good thing.

By Elisabeth Kashner

ETF.com steps in to referee a catfight that has erupted in the world of robo advisors.

By Matt Hougan

I love the iShares Fund Frenzy tournament. And this year I’m going to win.

By Olivier Ludwig

Reading the tea leaves in ETF flows suggests the Fed is likely to raise rates this year.