ALPS announced plans to close and liquidate its four ETFs in the ALPS | Goldman Sachs Index Series. Shareholders need to be aware that ALPS has already commenced liquidating portfolio positions, and therefore the funds are no longer tracking their respective indexes. Wednesday, August 27, 2014 will be the last day of trading for the affected funds, with final liquidation the following day.
The four ETFs facing closure are:
- ALPS|GS Momentum Builder Multi-Asset Index ETF (GSMA)
- ALPS|GS Momentum Builder Growth Equities and U.S. Treasuries Index ETF (GSGO)
- ALPS|GS Momentum Builder Asia ex-Japan Equities and U.S. Treasuries Index ETF (GSAX)
- ALPS|GS Risk-Adjusted Return US Large Cap Index ETF (GSRA)
ALPS launched these ETFs 20 months ago in December 2012, and they have been consistent members of ETF Deathwatch. At the end of July, the funds had combined assets of less than $11 million, which is not much more than the original seed money. Apparently, Goldman Sachs didn’t place any of its clients’ assets in the funds.
Disclosure covering writer, editor, and publisher: No positions in any of the securities mentioned. No positions in any of the companies or ETF sponsors mentioned. No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.