State Street wants to launch actively managed exchange traded funds next year, according to a report.

“We hope to introduce our first set of active ETFs in 2012,” Jim Ross, global head of ETFs at State Street Global Advisors, told Mutual Fund Wire. “The initial set is probably going to be a suite of five to six active ETFs rolled out over a few months.”

SSgA manages the biggest and oldest ETF, SPDR S&P 500 (NYSEArca: SPY), which was introduced in 1993 and holds about $94 billion in assets. The firm is the second-largest ETF manager in the U.S. with $264.5 billion in assets at the end of November, according to National Stock Exchange data.

A recent report by McKinsey & Co. predicts that the actively managed exchange traded fund business will take off and hit the $1 trillion mark within a decade. Currently, active funds represent only a tiny fraction of the overall business. [Active ETFs]

According to the New York Stock Exchange, growth in the U.S. exchange traded fund market will likely be supported by actively managed ETFs. [Active Funds to Support Growth]

BlackRock, which oversees the iShares funds, has also filed to launch active ETFs. [Blackrock Plans Active Funds]

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