State Street’s (NYSE: STT) State Street Global Advisors unit, the second-largest U.S. ETF issuer, has filed plans with the U.S. Securities and Exchange Commission to possibly introduce the SPDR SSgA Emerging Markets Minimum Volatility ETF.

The new ETF, assuming it comes to market, will be actively managed, according to the SEC filing. That filing does not include a ticker or expense ratio for the ETF, indicating a launch date is not imminent.

While the bulk of assets allocated to low volatility ETFs reside with U.S. equity funds, a pair of emerging markets funds have been embraced by investors.  The iShares MSCI Emerging Markets Minimum Volatility ETF (NYSEArca: EEMV) has $2.7 billion in assets under management while the PowerShares S&P Emerging Markets Low Volatility Portfolio (NYSEArca: EELV) has nearly $210 million in assets. [Low Volatility ETFs for Emerging Markets]

The SPDR SSgA Emerging Markets Minimum Volatility ETF is the second emerging markets ETF SSgA has filed plans for in recent months. In August, the firm filed plans for the SPDR MSCI Beyond BRIC ETF, an ETF that will invest in developing-market stocks in Chile, Columbia, the Czech Republic, Indonesia, South Africa and Turkey, among others. [State Street Could List Beyond BRICs ETF]

The SPDR SSgA Emerging Markets Minimum Volatility ETF will invest in American depositary receipts, Global depositary receipts that SSgA believes “will exhibit low volatility and provide competitive long-term returns relative to the emerging markets of the world,” according to the filing.

ETF Trends editorial team contributed to this post.

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