SS&C ALPS Advisors has launched the ALPS Electrification Infrastructure ETF (Nasdaq: ELFY) in partnership with Ladenburg Thalmann Index, The fund targets mid- and large-cap companies positioned to benefit from electrification infrastructure development.
The ETF seeks to track the Ladenburg Thalmann Electrification Infrastructure Index (LTELFYX) and provides an equal-weighted, sector-diverse investment vehicle focused on companies involved in electricity generation, transmission, distribution, and smart grid technologies.
According to Laton Spahr, Portfolio Manager and President of SS&C ALPS Advisors, the U.S. government and industry commitment to electrification infrastructure represents a significant long-term investment opportunity. The fund focuses on companies that will benefit from the growing electricity demand and the broader electrification of America.