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ALPS Draws Up Plans for Emerging-Markets 'Dividend Dogs' ETF

A money manager and Drexel University professor seeks permission to issue actively managed ETFs, and AdvisorShares will give a total makeover to its global asset-allocation-themed ETF.

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On Nov. 22, ALPS filed with U.S. regulators seeking permission to create a passively managed exchange-traded fund that would hold high-dividend-paying stocks from emerging-markets countries.

The proposed ALPS Emerging Sector Dividend Dogs ETF EDOG would be the latest in ALPS' suite of funds that follow the so-called "Dogs of the Dow" theory, which holds that a high dividend yield may indicate that a firm's share price has bottomed out and a rebound is imminent.

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Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.