Goldman Sachs (NYSE: GS), the largest U.S. investment bank, is inching closer to becoming a player in the exchange traded funds arena after the Securities and Exchange Commission granted the company permission to introduce active and passive ETFs.

SEC filings published Monday show the Commission’s approval of Goldman’s ETF plans.

“Goldman has said that its first actively managed fund will focus on dividend-paying stocks. So far, few money managers have launched ETFs that use active stock picking,” reports Christ Dieterich for Barron’s.

Goldman’s SEC filing outlines its intent to possibly list five passively hedge fund-type ETFs and six actively managed ETFs under the “ActiveBeta” brand. Those actively managed funds include the Goldman Sachs ActiveBeta International Equity ETF, Goldman Sachs ActiveBeta Emerging Markets Equity ETF, Goldman Sachs ActiveBeta Europe Equity ETF, Goldman Sachs ActiveBeta Japan Equity ETF, Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF and the Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF.

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