SSgA Seeks SEC OK to Launch Active Target-Date ETFs

State Street Global Advisors (SSgA) announced it is seeking permission from the Securities and Exchange Commission (SEC) to launch a series of actively managed, target-date exchange traded funds (ETF).

Investing in a diversified sampling of equity and fixed-income ETFs, the proposed new SPDR Exchange Traded Funds will seek to deliver risk-adjusted returns through a multi asset class investment strategy, State Street said in a news release.

“Our application for these actively managed ETFs was filed to meet increasing demand among our clients,” said James Ross, senior managing director of State Street Global Advisors, in a company announcement.