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SS&C ALPS Advisors has launched the ALPS Nautilus SMR, Nuclear & Technology ETF (NYSE Arca: SMRF), focusing on the nuclear and small modular reactor (SMR) value chain with a 25% cap on AI and technology investments. The ETF aims for capital appreciation and income, leveraging the growth in AI-driven electricity demand and nuclear power generation. The fund employs a risk-managed options overlay and is considered nondiversified, potentially leading to greater volatility.