ALPS Advisors this week revealed that it is teaming up with Goldman, Sachs & Co. to collaborate on exchange-traded products. ALPS will license Goldman Sachs' proprietary indices, which will be used as benchmarks to create exchange traded funds.

"We believe our collaboration will benefit both firms and more importantly, benefit our shared ETP investors," stated Tom Carter, president of ALPS.

ALPS is the advisor to open-end, closed-end and ETF products with $6.6 billion in assets under management.