March 02, 2008 at 1:00 am by Tom Lydon
Now that actively managed exchange traded funds (ETFs) are just around the bend, investors can expect a slew of filings.
State Street Global Advisors on Wednesday filed an application with the Securities and Exchange Commission (SEC) for a series of actively managed target-date ETFs, reports BusinessWire.
The funds will invest in a diversified sampling of equity and fixed-income ETFs.
If this line of funds gets the go-ahead from the SEC, it will join PowerShares‘ newly-approved set of active funds, which are aiming for an April launch.
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