ALPS has launched the ALPS Real Asset Income Fund, a portfolio of real asset investments in master limited partnerships (MLPs), global infrastructure, and commodities.
ALPS has partnered with Deutsche Asset & Wealth Management, CoreCommodity Management and Alerian in the management of the fund, which is designed to offer investors an alternative source of growth and income.
The REALX Fund taps the experience of each of the partners:
• The MLP Strategy, managed by ALPS Advisors, will track the Alerian MLP Infrastructure Index, a leading benchmark for the liquid, midstream-focused subset of energy MLPs whose constituents earn the majority of their cash flow from the transportation, storage, and processing of energy commodities.
• The Global Infrastructure Strategy, managed by RREEF America under the brand name Deutsche Asset & Wealth Management, invests in a global portfolio of securities of infrastructure-related companies.
• The Commodity Strategy, managed by CoreCommodity Management, will invest in the complete spectrum of commodity investments ranging from commodity equities to investments that participate in physical commodities.
The fund’s primary objectives are to provide a high level of current income and long-term capital appreciation, as noted in the prospectus.
“In an environment where yield from traditional sources is scarce, a diversified portfolio of real assets like the ALPS Real Asset Income Fund represents a timely offering,” says Tom Carter, president of ALPS Advisors. “It’s one that ALPS believes will be extremely well received by institutional and individual investors alike.”