State Street files for active ETFs in US

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State Street Global Advisors (SSgA) has filed for exemptive relief to launch six actively managed ETFs in the US.

The firm made its request to the US Securities and Exchange Commission (SEC) under the name SSgA Active ETF Trust a few days after iShares' petition for active ETFs was passed by the regulator. SSgA's application reveals all but one of the planned funds are ETFs-of-ETFs. The sixth, the SSgA Blackstone/GSO Senior Loan ETF, seeks to outperform the S&P/LSTA US Leveraged Loan 100 index and will invest 80% of net assets in senior loans. The SSgA Real Assets ETF is aiming for real return, while the Income Opportunities ETF looks for yield-generating assets to provide total return. Both inve...

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