ALPS To Launch Barron’s 400 ETF Tuesday

By
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 ETF
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.COM CHANNELS

Interested in China? Use our China ETFs Channel, library, and ETF screener.

Interested in oil? Use our oil ETFs channel, library and ETF screener!

ETF DAILY DATA

The real estate ETF topped the inflows list on Tuesday, May 3.

On Tuesday, May 3, SSgA saw the largest net outflows of all ETF issuers.

ETF.COM ANALYST BLOGS

By Dave Nadig

How NAV works differently between ETFs and mutual funds.

By Drew Voros

With the broad equity ideas all taken, issuers look for thinner slices of exposure.

By David Lichtblau

How funds wash away capital gains through create/redeem process.

By Dave Nadig

End investors are the big winners; brokers—not so much.

ETF INDUSTRY PERSPECTIVE

By Adam Patti

ETFs are more tax efficient than mutual funds.

By Sprott Asset Management

New fund’s underlying index targets equities sentiment on social media.

By Kristi Kuechler

Avoid taking unrewarded—or unintended—risks.