ALPS launches actively managed large-cap growth ETF

Aug 25th, 2023 | By | Category: Equities

SS&C ALPS Advisors has launched a new actively managed US equities ETF delivering access to a quality growth strategy.

Laton Spahr, President of SS&C ALPS Advisors

Laton Spahr, President of SS&C ALPS Advisors.

The Level Four Large Cap Growth Active ETF (LGRO US) has been listed on Nasdaq with an expense ratio of 0.55%.

The fund has come to market with approximately $20 million in assets under management.

LGRO is sub-advised by Texas-based wealth manager Level Four Capital Management whose research-driven investment process is based on buying high-quality companies at a discount to the present value of future cash flows or intrinsic value.

Level Four seeks out around 50 firms exhibiting a high return on capital, quality financial reporting, a strong management team, and a powerful product, service, or market position.

Laton Spahr, President of SS&C ALPS Advisors, said: “ALPS Advisors is recognized for its collaboration with world-class sub-advisors, and our Level Four Capital Management partnership continues this tradition. The disciplined strategy focuses on investing with a business owner’s mindset with an emphasis on quality growth and price paid relative to current value.”

Edmon ‘Jake’ Tomes, CEO of Level Four Capital Management, added: “We think like business owners rather than renters and adhere to a long-term, portfolio-oriented approach. The result of this high-conviction investment process is a behavioral advantage that enables us to be patient and strategically identify opportunities on behalf of our investors.”

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