DENVER, CO--(Marketwire - August 3, 2010) - ALPS Advisors, Inc. (ALPS), a leading provider of advisory solutions to the investment management industry, has announced the launch of four mutual funds to be sub-advised by RiverFront Investment Group, LLC (RiverFront).
ALPS will serve as the investment adviser to each of the Funds, all of which will rely on RiverFront's proprietary Price Matters™ optimization process to drive global asset allocation strategies. The new Funds and their principal investment strategies are:
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The RiverFront Long-Term Growth Fund seeks to achieve long-term capital appreciation. The Fund will normally be 100% invested in equities.
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The RiverFront Moderate Growth Fund seeks to achieve long-term capital appreciation with a modest allocation to bonds to reduce volatility. The Fund will normally be 80% invested in equities and 20% in fixed income securities.
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The RiverFront Moderate Growth & Income Fund seeks to provide current income consistent with the potential for growth and income through a combination of bond income, capital appreciation, and rising dividend payments. The Fund will normally be 50% invested in equities and 50% in fixed income securities.
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The RiverFront Long-Term Growth & Income Fund seeks to achieve long-term growth and income through a combination of capital appreciation and rising dividend payments. The Fund will normally be 70% invested in equities and 30% in fixed income securities.
The following funds are currently being offered for sale: RiverFront Moderate Growth Fund, RiverFront Long-Term Growth & Income Fund and RiverFront Moderate Growth & Income Fund. The RiverFront Long-Term Growth Fund is not being offered for sale at this time.
"This suite of dynamic global allocation strategies represents a terrific core holding in addition to our existing lineup of satellite investment options," said Corey Dillon, Senior Vice President and Director of Institutional Advisory Services for ALPS Advisors, Inc. "I have to think everyone associated with ALPS will be particularly well served by the investment talent that resides at RiverFront."
Richmond-based RiverFront was formed in April 2008 by a team of investment professionals from Wachovia Securities, including former chief investment officer Michael Jones, former chief investment strategist Rod Smyth, former chief equity strategist Doug Sandler, and Pete Quinn, former president of the Private Client Group. Messrs. Jones, Smyth, and Sandler, along with Tim Anderson, RiverFront's Chief Fixed Income Officer, will serve as co-portfolio managers for all four Funds.
"The founding vision of RiverFront was to take the tactical allocation strategies we developed in our former roles and make these unique investment solutions available to a broader range of financial advisors and their clients," said Michael Jones, CIO of RiverFront. "The talents and capabilities of the professionals at ALPS will allow us to extend this vision and meet the needs of even more financial advisors and their clients. We are extremely excited about the possibilities arising from this partnership."
The ALPS/RiverFront Funds are being offered in three share classes -- A, C, and I -- covering institutional and retail audiences. The Funds will be available on most mutual fund platforms and through financial intermediaries.
About ALPS Advisors, Inc.
ALPS Advisors, Inc.™ is a Denver-based outsourcing solution for administration, compliance, fund accounting, legal, marketing, tax administration, transfer agency and shareholder services for open-end, closed-end, hedge, and exchange-traded funds. As of June 2010, ALPS is the advisor to 20 different open-end, closed-end and ETF products with $1.5 billion in assets under management. For more information, visit www.alpsinc.com.
About RiverFront Investment Group, LLC
RiverFront Investment Group, LLC is an independent registered investment advisor located in Richmond Virginia. Majority owned by its employees, the firm provides asset management, investment advice, and leading-edge market insights. RiverFront's minority investors include Robert W. Baird & Co. and Private Advisors. For more information, visit www.riverfrontig.com.
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 866.759.5679 or visit www.alpsfunds.com. Read the prospectus carefully before investing.
ALPS is a registered trademark or trademark of ALPS Fund Services, Inc.™ in the United States and other countries. All other brand names, product names, or trademarks belong to their respective holders.
An investment in the Funds involves risk, including possible loss of principal.
ALPS Advisors, Inc. is unaffiliated with Robert W. Baird & Co., Private Advisors, LLC and Wachovia Securities.
The Funds are distributed by ALPS Distributors, Inc., ALPS Advisors, Inc. is the investment advisor to the Funds and RiverFront Investment Group, LLC is the investment sub-adviser. ALPS is not affiliated with RiverFront Investment Group, LLC.
Corey Dillon and Tom Carter are Registered Representatives of ALPS Distributors, Inc.
Contact Information:
Media Contact
Tom Carter, President
Registered Representative of ALPS Distributors, Inc.
ALPS Advisors Inc.
1290 Broadway
Suite 1100
Denver, CO 80203
303.623.2577 TEL
303.623.7850 FAX
www.alpsinc.com