Jumping into the billion dollar exchange traded fund (
has filed with the Securities and Exchange Commission (
) to launch its first funds, which will be actively managed.
The proposed funds may invest in equities or fixed-income
securities, or both. They may also focus on the domestic or foreign
writes Joe Morris for Ignites
. The first funds will be aimed at providing capital growth by
investing in diversified portfolios of equity securities of
non-U.S. companies in developed and emerging markets. [
Active ETFs: Why Low Volume Doesn't Mean
The filing also notes other possible themes, including
repurchase agreements, government securities, cash and foreign
currency, commodities, indexed and inverse floating rate
securities, mortgage- and asset-backed securities, convertible
instruments, rights, warrants, REITs and shares of other ETFs and
exchange traded notes (ETNs), the filing says.
The company will not be using swaps, options or futures,
obviating any delays that could come from the SEC's derivatives
Derivatives-Based ETFs Await SEC Decision.
Dreyfus has already partnered with
in providing eight foreign-currency themed ETFs. [
Euro ETFs and Jim Rogers: Time to Buy?
Other firms looking to break into the ETF biz include:
, which filed in March to launch active and index-based ETFs.
filed in March to launch active funds.
, filed in February to launch active ETFs.
For more information on new ETFs, visit our
Max Chen contributed to this article.