ALPS, an exchange traded fund service provider, is teaming up with Goldman Sachs to create new exchange traded fund products.

According to a press release, ALPS Advisors will utilize Goldman Sachs indices as benchmark for new ETF products.

“Goldman has some unique indices that might be a little smarter, including momentum and volatility focused strategies,” Tom Carter, President at ALPS Advisors, said in a phone interview.

He expects the partnership will help bring institutional strategies to the retail market in an ETF package.

Additionally, in our discussion, Carter emphasized that the firm understands the need to put together a track record for the indices to garner the respect of the market place.

This is not the first time ALPS is collaborating with another asset manager to engineer ETF investments.

For instance, the firm is partnered with some well known names in the ETF business, such as Select Sectors SPDRs, Emerging Global Shares and United States Commodity Funds.

“ALPS is excited to work with Goldman Sachs,” Tom Carter, President of ALPS, said in the press release. “We believe our collaboration will benefit both firms and more importantly, benefit our shared ETP investors.”

For more information on the ETF industry, visit our current affairs category.

Max Chen contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.