SSgA Seeks SEC OK to Launch Active Target-Date ETFs

February 27, 2008 ( - 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 the announcement.