Fidelity Investments received an order last week from the SEC allowing the financial-services giant to list actively managed ETFs, according to a report Tuesday.
The company obtained regulatory permission to launch several passive, index-based ETFs in February, Ignites.com reports.
“We continue to evaluate the product needs of our clients, and it would be premature to discuss specific product plans,” said Fidelity spokesman James Aber in the article.
More mainline fund companies like Fidelity and T. Rowe Price are positioning for an entry to the growing active ETF business. [Money Managers Taking Greater Interest in Active ETFs]