Additionally, Fidelity filed with the SEC to launch the actively managed Fidelity Corporate Bond Exchange Traded Fund, which will hold domestic and foreign investment grade corporate bonds and other corporate debt with similar interest rate risk to the Barclays U.S. Credit Bond Index. The fund can also hold lower-quality debt and derivatives, like swaps, options and futures contracts.
The SEC lifted the moratorium on derivatives in active ETFs last December. The ban began in March 2010 and left some applications in a holding pattern for two years or more as they waited for exemptive relief. [Several Fund Firms Eyeing Active ETFs]
Fidelity currently manages one ETF, Fidelity Nasdaq Composite Index (NasdaqGM: ONEQ).
For more information on active ETFs, visit our actively managed ETFs category.
Max Chen contributed to this article.