ALPS has launched the U.S. Equity High Volatility Put Write Index Fund (HVPW), which tracks the NYSE Arca U.S. Equity High Volatility Put Write Index. The index tracks exchange-traded put options on highly volatile stocks.

The HVPW fund is designed for investors seeking income through selling put options, selling 60-day listed put options every two months, six times per year, on 20 stocks. At the end of each 60-day period, the fund intends to distribute cash amounting to 1.5% of the fund's net assets.

ALPS is headquartered in Denver and boasts more than $8.25 billion in assets as of Dec. 31, 2012.

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